Chemtrade Logistics Income Fund (TSE:CHE.UN) had its price objective decreased by equities researchers at National Bank Financial from C$11.25 to C$11.00 in a research note issued on Friday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price objective indicates a potential upside of 14.58% from the company’s current price.
A number of other brokerages have also weighed in on CHE.UN. CIBC decreased their price target on shares of Chemtrade Logistics Income Fund from C$14.00 to C$11.00 in a report on Friday, February 15th. Raymond James reiterated a “market perform” rating and issued a C$12.50 price target on shares of Chemtrade Logistics Income Fund in a report on Friday, May 10th. TD Securities set a C$12.00 price target on shares of Chemtrade Logistics Income Fund in a report on Friday, February 15th. Royal Bank of Canada lowered shares of Chemtrade Logistics Income Fund from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from C$16.00 to C$12.00 in a report on Friday, February 15th. Finally, Desjardins decreased their price target on shares of Chemtrade Logistics Income Fund from C$15.50 to C$14.00 in a report on Monday, January 28th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of C$11.86.
CHE.UN stock traded down C$0.03 during midday trading on Friday, hitting C$9.60. The stock had a trading volume of 159,065 shares, compared to its average volume of 157,642. The stock has a market capitalization of $887.07 million and a P/E ratio of 73.28. The company has a debt-to-equity ratio of 120.32, a quick ratio of 0.64 and a current ratio of 1.06. Chemtrade Logistics Income Fund has a 12-month low of C$15.86 and a 12-month high of C$20.02.
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.
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