Brokerages Set Chemtrade Logistics Income Fund (TSE:CHE.UN) PT at C$15.25

Key Points

• Chemtrade Logistics Income Fund (TSE:CHE.UN) has received a consensus rating of "Moderate Buy" from six analysts, with an average 12-month price target of C$15.25.
• The company announced a monthly dividend of $0.0575 per share, representing an annualized dividend yield of 5.3%, with the ex-dividend date set for August 29th.
• Chemtrade's stock is currently priced at C$12.93 and has shown a slight decline of 0.1%, with a market capitalization of C$1.46 billion.

Chemtrade Logistics Income Fund (TSE:CHE.UN - Get Free Report) has been given an average recommendation of "Moderate Buy" by the six research firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$15.25.

A number of equities analysts have commented on the stock. Raymond James Financial lifted their target price on shares of Chemtrade Logistics Income Fund from C$15.00 to C$16.00 in a research note on Monday, August 18th. Desjardins upped their target price on shares of Chemtrade Logistics Income Fund from C$15.50 to C$16.00 and gave the company a "buy" rating in a research report on Monday, August 18th. CIBC upped their target price on shares of Chemtrade Logistics Income Fund from C$10.50 to C$12.50 and gave the company a "neutral" rating in a research report on Thursday, May 22nd. National Bankshares upped their target price on shares of Chemtrade Logistics Income Fund from C$16.50 to C$17.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Finally, Scotiabank raised shares of Chemtrade Logistics Income Fund from a "sector perform" rating to an "outperform" rating and upped their target price for the company from C$13.50 to C$15.00 in a research report on Friday, August 15th.

Chemtrade Logistics Income Fund Price Performance

CHE.UN traded down C$0.05 on Tuesday, hitting C$12.86. 142,496 shares of the company's stock were exchanged, compared to its average volume of 262,683. Chemtrade Logistics Income Fund has a fifty-two week low of C$8.50 and a fifty-two week high of C$13.18. The company has a current ratio of 0.40, a quick ratio of 0.48 and a debt-to-equity ratio of 128.02. The firm has a 50-day moving average price of C$11.92 and a 200-day moving average price of C$10.79. The stock has a market cap of C$1.45 billion, a price-to-earnings ratio of 12.02 and a beta of 1.46.

Chemtrade Logistics Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 29th will be given a dividend of $0.0575 per share. This represents a c) annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend is Friday, August 29th. Chemtrade Logistics Income Fund's dividend payout ratio is currently 63.08%.

About Chemtrade Logistics Income Fund

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.