Desjardins Increases Chemtrade Logistics Income Fund (TSE:CHE.UN) Price Target to C$12.50

Chemtrade Logistics Income Fund (TSE:CHE.UN) had its price objective lifted by equities research analysts at Desjardins from C$12.00 to C$12.50 in a research note issued on Thursday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price target would indicate a potential upside of 46.03% from the company’s previous close.

Separately, CIBC decreased their price objective on shares of Chemtrade Logistics Income Fund from C$14.00 to C$13.50 in a research report on Thursday, February 22nd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$11.80.

Chemtrade Logistics Income Fund Stock Up 0.9 %

TSE CHE.UN traded up C$0.08 during trading hours on Thursday, hitting C$8.56. The company had a trading volume of 82,310 shares, compared to its average volume of 289,122. Chemtrade Logistics Income Fund has a fifty-two week low of C$7.01 and a fifty-two week high of C$9.23. The company has a market capitalization of C$1.00 billion, a price-to-earnings ratio of 5.64 and a beta of 1.48. The company has a debt-to-equity ratio of 122.18, a current ratio of 0.80 and a quick ratio of 0.48. The firm’s 50 day moving average is C$8.34 and its 200 day moving average is C$8.52.

Insiders Place Their Bets

In other news, Senior Officer Timothy Neil Montgomery purchased 5,942 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were bought at an average price of C$5.93 per share, for a total transaction of C$35,236.06. 0.18% of the stock is currently owned by corporate insiders.

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.