Chemtrade Logistics Income Fund (TSE:CHE.UN) has earned an average recommendation of “Buy” from the eight analysts that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$17.97.

A number of research analysts have commented on the company. CIBC reduced their target price on Chemtrade Logistics Income Fund from C$22.00 to C$20.00 and set a “strong-buy” rating on the stock in a report on Monday. TD Securities reduced their target price on Chemtrade Logistics Income Fund from C$22.00 to C$18.00 and set a “buy” rating on the stock in a report on Friday, August 10th. Royal Bank of Canada reduced their target price on Chemtrade Logistics Income Fund from C$18.00 to C$16.00 and set a “sector perform” rating on the stock in a report on Monday. National Bank Financial reduced their target price on Chemtrade Logistics Income Fund from C$18.25 to C$17.25 and set an “outperform” rating on the stock in a report on Friday, November 2nd. Finally, Raymond James reduced their target price on Chemtrade Logistics Income Fund from C$20.00 to C$19.50 and set an “outperform” rating on the stock in a report on Wednesday, August 8th.

TSE:CHE.UN traded down C$0.17 during trading hours on Thursday, reaching C$11.24. 287,316 shares of the stock were exchanged, compared to its average volume of 157,642. Chemtrade Logistics Income Fund has a 52 week low of C$15.86 and a 52 week high of C$20.02.

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.

Further Reading: The Discount Rate – What You Need to Know

Analyst Recommendations for Chemtrade Logistics Income Fund (TSE:CHE.UN)

Receive News & Ratings for Chemtrade Logistics Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chemtrade Logistics Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.