Chemtrade Logistics Income Fund (TSE:CHE.UN) Price Target Raised to C$15.00 at Raymond James

Chemtrade Logistics Income Fund (TSE:CHE.UN) had its price target boosted by Raymond James from C$14.00 to C$15.00 in a report published on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Separately, CIBC upped their target price on shares of Chemtrade Logistics Income Fund from C$10.50 to C$12.50 and gave the stock a “neutral” rating in a report on Thursday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$14.33.

Chemtrade Logistics Income Fund Stock Performance

TSE CHE.UN opened at C$11.08 on Thursday. The company’s 50 day moving average is C$9.72 and its 200-day moving average is C$10.33. Chemtrade Logistics Income Fund has a 12-month low of C$8.50 and a 12-month high of C$12.05. The company has a quick ratio of 0.48, a current ratio of 0.40 and a debt-to-equity ratio of 128.02. The firm has a market cap of C$1.29 billion, a P/E ratio of 10.07 and a beta of 1.50.

Chemtrade Logistics Income Fund Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were issued a dividend of $0.0575 per share. This represents a $0.69 dividend on an annualized basis and a yield of 6.23%. The ex-dividend date was Friday, February 28th. This is a positive change from Chemtrade Logistics Income Fund’s previous monthly dividend of $0.06. Chemtrade Logistics Income Fund’s dividend payout ratio is 60.00%.

Insider Buying and Selling

In related news, Senior Officer Timothy Neil Montgomery purchased 60,921 shares of the firm’s stock in a transaction dated Monday, April 14th. The shares were purchased at an average price of C$9.14 per share, with a total value of C$556,817.94. Also, Senior Officer Scott William Rook purchased 12,428 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was bought at an average cost of C$9.66 per share, for a total transaction of C$120,054.48. 0.19% of the stock is currently owned by insiders.

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.