In a report released Monday morning, CIBC upgraded shares of Chemtrade Logistics Income Fund (TSE:CHE.UN – Get Rating) to outperform from industry perform, BayStreet.CA reported.CIBC’s current target price for the stock is C$10.25, up from its previous target price of C$9.50.
Other stock analysts have recently released reports on the company.Raymond James set a C$12.00 price target for the Chemtrade Logistics Income Fund in a research note on Thursday, May 12, and gave the stock an outperform rating.National Bankshares raised its target price for the Chemtrade Logistics Income Fund to C$9.25 from C$8.75 in a research note on Thursday, May 12, and gave the stock an outperform rating.BMO Capital Markets raised its target price for the Chemtrade Logistics Income Fund to C$8.00 from C$7.50 in a research note on Thursday, May 12.Finally, Scotiabank raised its target price for the Chemtrade Logistics Income Fund from C$8.50 to C$9.50 in a report on Thursday, May 12.One analyst has a hold rating on the stock and four have a buy rating on the company’s stock.According to MarketBeat, the stock currently has a Moderate Buy rating and an average price target of C$9.75.
CHE.UN shares opened Monday at C$8.34.The company has a market capitalization of C$872.62 million and a price-to-earnings ratio of -4.24.The Chemtrade Logistics Income Fund had a 1-year low of C$6.01 and a 1-year high of C$8.92.The company’s asset-liability ratio is 298.00, the current ratio is 0.93, and the quick ratio is 0.48.The stock’s 50-day moving average is $7.97 and its 200-day moving average is $7.71.
Chemtrade Logistics Income Fund provides industrial chemicals and services in Canada, the United States and South America.It operates through the Sulfur Products and Performance Chemicals (SPPC), Water Solutions and Specialty Chemicals (WSSC) and Electrochemical (EC) segments.The SPPC segment removes and/or produces commercial, regenerated and ultrapure sulfuric acid, sodium bisulfite, elemental sulfur, liquid sulfur dioxide, hydrogen sulfide, sodium bisulfite and sulfides.
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Post time: Jul-08-2022