Chemtrade Logistics Income Fund (TSE:CHE.UN) has earned a consensus rating of “Buy” from the eight brokerages that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$17.97.
CHE.UN has been the subject of several analyst reports. Desjardins upgraded Chemtrade Logistics Income Fund from a “hold” rating to a “buy” rating and upped their target price for the company from C$17.00 to C$18.00 in a research note on Tuesday, September 4th. BMO Capital Markets restated a “market perform” rating and set a C$15.00 price target on shares of Chemtrade Logistics Income Fund in a research note on Tuesday, July 31st. Royal Bank of Canada dropped their price target on Chemtrade Logistics Income Fund from C$19.00 to C$18.00 and set a “sector perform” rating for the company in a research note on Friday, August 10th. Raymond James dropped their price target on Chemtrade Logistics Income Fund from C$20.00 to C$19.50 and set an “outperform” rating for the company in a research note on Wednesday, August 8th. Finally, National Bank Financial dropped their price target on Chemtrade Logistics Income Fund from C$18.25 to C$17.25 and set an “outperform” rating for the company in a research note on Friday, November 2nd.
Chemtrade Logistics Income Fund stock traded down C$0.17 during trading on Thursday, hitting C$11.24. The company’s stock had a trading volume of 287,316 shares, compared to its average volume of 157,642. Chemtrade Logistics Income Fund has a 1-year low of C$15.86 and a 1-year high of C$20.02.
Chemtrade Logistics Income Fund (Chemtrade) provides industrial chemicals and services. Chemtrade operates in four business segments: Sulphur Products & Performance Chemicals (SPPC), Water Solutions & Specialty Chemicals (WSSC), International (Intl) and Corporate (Corp). Its SPPC segment markets, removes and produces merchant, regenerated sulfuric acid, liquid sulfur dioxide, sodium hydrosulfite, elemental sulfur, hydrogen sulfide, and sodium bisulfite and other processing services.
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