Chemtrade Logistics Income Fund (TSE:CHE.UN) Given Average Rating of “Moderate Buy” by Analysts

by · The Cerbat Gem

Shares of Chemtrade Logistics Income Fund (TSE:CHE.UN – Get Free Report) have been given an average recommendation of “Moderate Buy” by the six brokerages that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$12.71.

Several research firms have commented on CHE.UN. CIBC lifted their price target on Chemtrade Logistics Income Fund from C$13.50 to C$14.00 in a research report on Friday, August 16th. Desjardins increased their price target on shares of Chemtrade Logistics Income Fund from C$13.00 to C$13.25 and gave the stock a “buy” rating in a research note on Friday, August 16th. BMO Capital Markets upped their price target on Chemtrade Logistics Income Fund from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 24th. National Bankshares raised their price target on Chemtrade Logistics Income Fund from C$13.50 to C$14.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Finally, Scotiabank raised their target price on shares of Chemtrade Logistics Income Fund from C$10.50 to C$11.00 in a report on Monday, August 19th.

Check Out Our Latest Analysis on Chemtrade Logistics Income Fund

Chemtrade Logistics Income Fund Price Performance

The company has a 50 day moving average of C$9.84 and a 200 day moving average of C$9.20. Chemtrade Logistics Income Fund has a one year low of C$7.60 and a one year high of C$11.06. The company has a debt-to-equity ratio of 128.02, a current ratio of 0.40 and a quick ratio of 0.48. The stock has a market capitalization of C$1.27 billion, a price-to-earnings ratio of 9.93 and a beta of 1.49.

Chemtrade Logistics Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 30th were given a $0.055 dividend. The ex-dividend date was Wednesday, July 31st. This represents a $0.66 annualized dividend and a dividend yield of ∞. Chemtrade Logistics Income Fund’s dividend payout ratio is presently 60.00%.

About Chemtrade Logistics Income Fund

(Get Free Report

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.

Further Reading