Chemtrade Logistics Income Fund (TSE:CHE.UN) PT Raised to C$12.00

Chemtrade Logistics Income Fund (TSE:CHE.UN - Get Free Report) had its price target lifted by investment analysts at Royal Bank of Canada from C$11.00 to C$12.00 in a research report issued on Friday, BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. Royal Bank of Canada's price target points to a potential upside of 30.86% from the company's previous close.

CHE.UN has been the subject of several other research reports. CIBC cut their price target on Chemtrade Logistics Income Fund from C$14.00 to C$13.50 in a report on Thursday, February 22nd. National Bankshares raised their price target on shares of Chemtrade Logistics Income Fund from C$12.50 to C$13.50 in a report on Friday. Finally, Desjardins upped their price objective on Chemtrade Logistics Income Fund from C$12.50 to C$13.00 and gave the company a "buy" rating in a report on Thursday.

Chemtrade Logistics Income Fund Price Performance

TSE CHE.UN traded down C$0.02 on Friday, hitting C$9.17. The company had a trading volume of 380,418 shares, compared to its average volume of 286,311. The company has a debt-to-equity ratio of 122.18, a current ratio of 0.80 and a quick ratio of 0.48. The company has a market capitalization of C$1.07 billion, a PE ratio of 6.03 and a beta of 1.48. Chemtrade Logistics Income Fund has a 12-month low of C$7.60 and a 12-month high of C$9.34. The company's fifty day moving average price is C$8.51 and its 200-day moving average price is C$8.56.

Insider Transactions at Chemtrade Logistics Income Fund

In related news, Senior Officer Timothy Neil Montgomery bought 5,942 shares of the stock in a transaction dated Thursday, March 21st. The stock was acquired at an average price of C$5.93 per share, for a total transaction of C$35,236.06. Corporate insiders own 0.19% of the company's stock.

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.