Chemtrade Logistics Income Fund - CHE.UN Stock Forecast, Price & News

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. This segment also offers industrial services, such as processing by-products and waste streams. Its WSSC segment manufactures and markets various inorganic coagulants used in water treatment, including aluminum sulphate, aluminum chlorohydrate, polyaluminum chloride, and ferric sulphate; and a range of specialty chemicals, such as sodium nitrite, potassium chloride, phosphorus pentasulphide, and vaccine adjuvants. The EC segment manufactures and markets sodium chlorate and chlor-alkali products for the pulp and paper, oil and gas, and water treatment industries. Chemtrade Logistics Income Fund was founded in 2001 and is headquartered in Toronto, Canada.

Analyst Ratings Changes

CHE.UN has been the subject of several recent analyst reports. Scotiabank increased their price target on Chemtrade Logistics Income Fund from C$10.25 to C$10.50 in a research note on Friday. BMO Capital Markets increased their price target on Chemtrade Logistics Income Fund from C$8.00 to C$9.00 in a research note on Friday. National Bankshares increased their price target on Chemtrade Logistics Income Fund from C$9.25 to C$11.00 in a research note on Friday. Raymond James set a C$12.00 target price on Chemtrade Logistics Income Fund and gave the company an "outperform" rating in a research note on Thursday, May 12th. Finally, CIBC raised their target price on Chemtrade Logistics Income Fund from C$9.50 to C$11.00 and gave the company an "outperform" rating in a research note on Friday. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Chemtrade Logistics Income Fund presently has an average rating of "Moderate Buy" and an average target price of C$10.43.

Chemtrade Logistics Income Fund Price Performance

CHE.UN Stock traded up C$0.17 during trading hours on Friday, hitting C$9.15. 326,429 shares of the stock traded hands, compared to its average volume of 338,492. The stock has a 50-day simple moving average of C$8.12 and a 200 day simple moving average of C$7.89. Chemtrade Logistics Income Fund has a one year low of C$6.01 and a one year high of C$9.18. The company has a market cap of C$957.37 million and a P/E ratio of -4.60. The company has a current ratio of 0.93, a quick ratio of 0.48 and a debt-to-equity ratio of 298.00.

Chemtrade Logistics Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Monday, June 27th. Stockholders of record on Monday, June 27th were issued a dividend of $0.05 per share. This represents a $0.60 annualized dividend and a dividend yield of 6.56%. The ex-dividend date was Monday, May 30th. Chemtrade Logistics Income Fund's dividend payout ratio is -30.49%.