CIBC Issues Pessimistic Forecast for Chemtrade Logistics Income Fund (TSE:CHE.UN) Stock Price

Chemtrade Logistics Income Fund (TSE:CHE.UN) had its price target lowered by analysts at CIBC from C$15.00 to C$13.00 in a report released on Tuesday,BayStreet.CA reports. CIBC’s price objective suggests a potential upside of 14.34% from the stock’s previous close.

Other equities analysts have also recently issued reports about the company. Raymond James boosted their price target on Chemtrade Logistics Income Fund from C$13.00 to C$14.00 in a report on Monday, November 18th. BMO Capital Markets boosted their target price on shares of Chemtrade Logistics Income Fund from C$12.00 to C$15.00 in a research note on Tuesday, November 19th. Desjardins raised their price target on shares of Chemtrade Logistics Income Fund from C$13.25 to C$14.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Scotiabank lifted their price target on shares of Chemtrade Logistics Income Fund from C$10.50 to C$11.00 in a report on Monday, August 19th. Finally, National Bankshares upped their price objective on shares of Chemtrade Logistics Income Fund from C$13.50 to C$14.00 and gave the company an “outperform” rating in a research note on Friday, August 16th.

Chemtrade Logistics Income Fund Stock Down 0.2 %

Chemtrade Logistics Income Fund stock opened at C$11.37 on Tuesday. Chemtrade Logistics Income Fund has a fifty-two week low of C$7.77 and a fifty-two week high of C$12.05. The firm has a market capitalization of C$1.33 billion, a price-to-earnings ratio of 10.34 and a beta of 1.50. The stock’s fifty day moving average is C$11.28 and its two-hundred day moving average is C$10.16. The company has a debt-to-equity ratio of 128.02, a quick ratio of 0.48 and a current ratio of 0.40.

Chemtrade Logistics Income Fund Company Profile

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.