Chemtrade Logistics Income Fund (CHE.UN) Receives Average Rating of “Buy” from Brokerages
Shares of Chemtrade Logistics Income Fund (TSE:CHE.UN) have received a consensus rating of “Buy” from the six research firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$21.08.
Several brokerages have issued reports on CHE.UN. TD Securities lifted their target price on shares of Chemtrade Logistics Income Fund from C$22.00 to C$23.00 in a report on Monday, August 14th. Scotiabank reaffirmed an “outperform” rating and issued a C$20.00 target price on shares of Chemtrade Logistics Income Fund in a report on Monday, August 14th. National Bank Financial raised shares of Chemtrade Logistics Income Fund from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from C$19.50 to C$20.50 in a report on Monday, August 14th. Finally, Raymond James Financial, Inc. decreased their target price on shares of Chemtrade Logistics Income Fund from C$23.00 to C$21.00 and set an “outperform” rating for the company in a report on Thursday, May 11th.
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About Chemtrade Logistics Income Fund
Chemtrade Logistics Income Fund (Chemtrade) provides industrial chemicals and services. Chemtrade operates in four business segments: Sulphur Products & Performance Chemicals (SPPC), Water Solutions & Specialty Chemicals (WSSC), International (Intl) and Corporate (Corp). Its SPPC segment markets, removes and produces merchant, regenerated sulfuric acid, liquid sulfur dioxide, sodium hydrosulfite, elemental sulfur, hydrogen sulfide, and sodium bisulfite and other processing services.
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