Chemtrade Logistics Income Fund (TSE:CHE.UN) Price Target Raised to C$16.00

Key Points

• Raymond James Financial has upgraded Chemtrade Logistics Income Fund's price target from C$15.00 to C$16.00, indicating a potential upside of 25.39% from its last closing price.
• Other analysts have also raised their target prices, with Desjardins setting a target of C$15.50 and CIBC at C$12.50, reflecting a consensus rating of "Moderate Buy".
• Chemtrade's stock has recently traded around C$12.76 with a market cap of C$1.49 billion and a P/E ratio of 11.60.

Chemtrade Logistics Income Fund (TSE:CHE.UN - Get Free Report) had its price target boosted by investment analysts at Raymond James Financial from C$15.00 to C$16.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. Raymond James Financial's price target suggests a potential upside of 22.14% from the company's current price.

Other analysts have also recently issued reports about the company. Desjardins raised their price target on Chemtrade Logistics Income Fund from C$15.00 to C$15.50 and gave the company a "buy" rating in a research note on Thursday, May 22nd. Scotiabank raised Chemtrade Logistics Income Fund from a "sector perform" rating to an "outperform" rating and upped their price target for the company from C$13.50 to C$15.00 in a report on Friday, August 15th. CIBC raised their price objective on shares of Chemtrade Logistics Income Fund from C$10.50 to C$12.50 and gave the stock a "neutral" rating in a report on Thursday, May 22nd. Finally, 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 report on Thursday, May 22nd. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$15.25.

Chemtrade Logistics Income Fund Stock Up 0.2%

Shares of TSE:CHE.UN traded up C$0.02 during trading hours on Monday, reaching C$13.10. The stock had a trading volume of 160,926 shares, compared to its average volume of 268,396. Chemtrade Logistics Income Fund has a 1 year low of C$8.50 and a 1 year high of C$13.18. The firm's 50 day moving average is C$11.36 and its 200-day moving average is C$10.48. The stock has a market capitalization of C$1.53 billion, a price-to-earnings ratio of 11.91 and a beta of 1.50. The company has a debt-to-equity ratio of 128.02, a quick ratio of 0.48 and a current ratio of 0.40.

Chemtrade Logistics Income Fund Company Profile

Chemtrade Logistics Income Fund provides industrial chemicals and services in Canada, the United States, and South America. It operates through Sulphur Products & Performance Chemicals (SPPC), Water Solutions & Specialty Chemicals (WSSC), and Electrochemicals (EC) segments. The SPPC segment removes and/or produces merchant, regenerated, and ultra pure sulphuric acid, sodium hydrosulphite, elemental sulphur, liquid sulphur dioxide, hydrogen sulphide, sodium bisulphite, and sulphides.