Chemtrade Logistics Income Fund (TSE:CHE.UN – Get Free Report) had its target price dropped by stock analysts at Scotiabank from C$10.00 to C$9.50 in a research note issued on Monday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s target price would indicate a potential upside of 9.70% from the stock’s current price.
Several other analysts have also recently issued reports on the stock. Desjardins increased their price target on shares of Chemtrade Logistics Income Fund from C$11.50 to C$12.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Royal Bank of Canada reissued an “outperform” rating and set a C$11.00 price target on shares of Chemtrade Logistics Income Fund in a research report on Thursday. Finally, CIBC increased their price target on shares of Chemtrade Logistics Income Fund from C$12.50 to C$14.00 and gave the stock an “outperform” rating in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$11.57.
Chemtrade Logistics Income Fund Trading Down 1.6 %
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.
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