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Chemtrade Logistics Income Fund (CHE.UN) Stock Forecast & Price Target

C$9.35
+0.10 (+1.08%)
(As of 05/31/2024 ET)

Chemtrade Logistics Income Fund - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 4 Analyst Ratings

Consensus Price Target

C$12.30
31.55% Upside
High ForecastC$13.50
Average ForecastC$12.30
Low ForecastC$9.50
TypeCurrent Forecast
6/2/23 to 6/1/24
1 Month Ago
5/3/23 to 5/2/24
3 Months Ago
3/4/23 to 3/3/24
1 Year Ago
6/2/22 to 6/2/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
3 Buy rating(s)
4 Buy rating(s)
4 Buy rating(s)
3 Buy rating(s)
Hold
1 Hold rating(s)
1 Hold rating(s)
1 Hold rating(s)
1 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetC$12.30C$11.80C$11.70C$11.08
Forecasted Upside31.55% Upside37.80% Upside38.28% Upside23.67% Upside
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CHE.UN Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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CHE.UN Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Chemtrade Logistics Income Fund Stock vs. The Competition

TypeChemtrade Logistics Income FundBasic Materials Companies
Consensus Rating Score
2.75
2.61
Consensus RatingModerate BuyModerate Buy
News Sentiment RatingNeutral News
Neutral News

Recent Analyst Forecasts and Stock Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/17/2024Royal Bank of Canada
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 Boost TargetOutperformC$11.00 ➝ C$12.00+30.86%
5/17/2024National Bankshares
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 Boost TargetC$12.50 ➝ C$13.50+47.22%
5/16/2024Desjardins
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 Boost TargetBuyC$12.50 ➝ C$13.00+42.86%
2/22/2024CIBC
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 Lower TargetC$14.00 ➝ C$13.50+63.64%
11/20/2023Scotiabank
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 Lower TargetSector PerformC$10.00 ➝ C$9.50+9.70%
2/27/2023Raymond James
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 DowngradeOutperform ➝ Market PerformC$12.00 ➝ C$11.00+14.58%
1/17/2023BMO Capital Markets
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 Boost TargetC$10.50 ➝ C$11.00+18.15%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 02:05 AM ET.

CHE.UN Frequently Asked Questions

What is Chemtrade Logistics Income Fund's stock forecast and purchase recommendation?

According to the research reports of 4 Wall Street equities research analysts, the average twelve-month stock price forecast for Chemtrade Logistics Income Fund is C$12.30, with a high forecast of C$13.50 and a low forecast of C$9.50. The consensus rating for Chemtrade Logistics Income Fund stock is Moderate Buy based on the current 1 hold rating and 3 buy ratings for CHE.UN. Learn more on CHE.UN's analyst rating history.

Do Wall Street analysts like Chemtrade Logistics Income Fund more than its competitors?

Analysts like Chemtrade Logistics Income Fund more than other "basic materials" companies. The consensus rating score for Chemtrade Logistics Income Fund is 2.75 while the average consensus rating score for "basic materials" companies is 2.61. Learn more on how CHE.UN compares to other companies.

Does Chemtrade Logistics Income Fund's stock price have much upside?

According to analysts, Chemtrade Logistics Income Fund's stock has a predicted upside of 38.34% based on their 12-month stock forecasts.

What analysts cover Chemtrade Logistics Income Fund?

Chemtrade Logistics Income Fund has been rated by research analysts at Desjardins, National Bankshares, and Royal Bank of Canada in the past 90 days.


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This page (TSE:CHE.UN) was last updated on 6/1/2024 by MarketBeat.com Staff

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