Brokerages Set Chemtrade Logistics Income Fund (TSE:CHE.UN) PT at C$15.25

Chemtrade Logistics Income Fund (TSE:CHE.UN) has received a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is C$15.25.

Several analysts have commented on the stock. Raymond James Financial lifted their target price on shares of Chemtrade Logistics Income Fund from C$15.00 to C$16.00 in a research note on Monday, August 18th. Scotiabank 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$13.50 to C$15.00 in a research note on Friday, August 15th. CIBC lifted 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 research note on Thursday, May 22nd. National Bankshares lifted their target price on shares of Chemtrade Logistics Income Fund from C$16.50 to C$17.00 and gave the stock an “outperform” rating in a research note on Thursday, May 22nd. Finally, Desjardins lifted their target price on shares of Chemtrade Logistics Income Fund from C$15.50 to C$16.00 and gave the stock a “buy” rating in a research note on Monday, August 18th.

Chemtrade Logistics Income Fund Price Performance

CHE.UN stock opened at C$12.92 on Tuesday. Chemtrade Logistics Income Fund has a 1 year low of C$8.50 and a 1 year high of C$13.18. The company has a debt-to-equity ratio of 128.02, a quick ratio of 0.48 and a current ratio of 0.40. The stock’s 50 day moving average price is C$11.96 and its 200 day moving average price is C$10.81. The firm has a market cap of C$1.46 billion, a P/E ratio of 12.07 and a beta of 1.46.

Chemtrade Logistics Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 29th will be paid a dividend of $0.0575 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a c) dividend on an annualized basis and a yield of 5.3%. Chemtrade Logistics Income Fund’s dividend payout ratio (DPR) is currently 63.08%.

Chemtrade Logistics Income Fund Company Profile

Chemtrade Logistics Income Fund provides industrial chemicals and services to customers in North America and around the world. The company organized into four main operating segments: Sulphur Products and Performance Chemicals (SPPC), Water Solutions and Specialty Chemicals (WSSC), Electrochemicals, and Corporate.