Raymond James Boosts Chemtrade Logistics Income Fund (TSE:CHE.UN) Price Target to C$14.00

Chemtrade Logistics Income Fund (TSE:CHE.UN) had its price target increased by Raymond James from C$13.00 to C$14.00 in a research note released on Monday morning,BayStreet.CA reports.

A number of other analysts have also commented on the company. National Bankshares boosted their price objective on Chemtrade Logistics Income Fund from C$13.50 to C$14.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Desjardins upped 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 report on Thursday, October 17th. BMO Capital Markets upped their price target on shares of Chemtrade Logistics Income Fund from C$11.00 to C$12.00 and gave the company an “outperform” rating in a research report on Tuesday, September 24th. Scotiabank increased 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. Finally, CIBC increased their target price on shares of Chemtrade Logistics Income Fund from C$13.50 to C$14.00 in a report on Friday, August 16th.

Chemtrade Logistics Income Fund Stock Performance

CHE.UN stock opened at C$11.45 on Monday. The stock has a 50-day moving average price of C$10.89 and a 200-day moving average price of C$9.87. Chemtrade Logistics Income Fund has a 1-year low of C$7.77 and a 1-year high of C$11.69. The company has a current ratio of 0.40, a quick ratio of 0.48 and a debt-to-equity ratio of 128.02. The firm has a market cap of C$1.34 billion, a PE ratio of 10.41 and a beta of 1.50.

About Chemtrade Logistics Income Fund

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.