Chemtrade Logistics Income Fund (TSE:CHE.UN) Receives C$18.21 Consensus PT from Brokerages
by Teresa Graham · The Cerbat GemChemtrade Logistics Income Fund (TSE:CHE.UN – Get Free Report) has received a consensus rating of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$18.21.
A number of research firms recently weighed in on CHE.UN. BMO Capital Markets reduced their price objective on shares of Chemtrade Logistics Income Fund from C$20.00 to C$18.50 and set an “outperform” rating on the stock in a research report on Friday, January 9th. National Bank Financial boosted their target price on Chemtrade Logistics Income Fund from C$17.50 to C$18.00 and gave the company an “outperform” rating in a research report on Monday, January 19th.
View Our Latest Research Report on CHE.UN
Chemtrade Logistics Income Fund Trading Up 1.8%
Shares of CHE.UN opened at C$16.35 on Wednesday. The company’s fifty day simple moving average is C$15.61 and its 200-day simple moving average is C$14.51. The company has a market cap of C$1.84 billion, a P/E ratio of 13.40 and a beta of 0.80. The company has a current ratio of 0.40, a quick ratio of 0.48 and a debt-to-equity ratio of 128.02. Chemtrade Logistics Income Fund has a twelve month low of C$8.50 and a twelve month high of C$16.46.
Chemtrade Logistics Income Fund Company Profile
Chemtrade Logistics Income Fund provides industrial chemicals and services to customers in North America and around the world. The company organized into four main operating segments: Sulphur Products and Performance Chemicals (SPPC), Water Solutions and Specialty Chemicals (WSSC), Electrochemicals, and Corporate. It generates maximum revenue from Electrochemicals segment. Chemtrade operates in Canada, the United States, and South America of which maximum revenue comes from the United States. SPPC markets, remove and produces merchant, regenerated and ultra-pure sulphuric acid, liquid sulphur dioxide, sodium hydrosulfite and provides other processing services.