Royal Bank Of Canada Issues Positive Forecast for Chemtrade Logistics Income Fund (TSE:CHE.UN) Stock Price

Chemtrade Logistics Income Fund (TSE:CHE.UN) had its price objective boosted by Royal Bank Of Canada from C$14.00 to C$18.00 in a report released on Thursday,BayStreet.CA reports. Royal Bank Of Canada’s price target indicates a potential upside of 17.88% from the company’s current price.

A number of other equities research analysts also recently issued reports on CHE.UN. Desjardins lifted their price target on shares of Chemtrade Logistics Income Fund from C$15.50 to C$16.00 and gave the company a “buy” rating in a research report on Monday, August 18th. Scotiabank upgraded Chemtrade Logistics Income Fund from a “sector perform” rating to an “outperform” rating and raised their price target for the company from C$13.50 to C$15.00 in a research report on Friday, August 15th. Finally, Raymond James Financial increased their price objective on shares of Chemtrade Logistics Income Fund from C$15.00 to C$16.00 in a research note on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$17.07.

Chemtrade Logistics Income Fund Stock Performance

Shares of TSE CHE.UN traded up C$0.09 during mid-day trading on Thursday, hitting C$15.27. 280,263 shares of the company were exchanged, compared to its average volume of 263,704. 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$1.72 billion, a price-to-earnings ratio of 14.27 and a beta of 1.31. The stock has a 50 day simple moving average of C$13.35 and a 200-day simple moving average of C$11.97. Chemtrade Logistics Income Fund has a 1-year low of C$8.50 and a 1-year high of C$15.57.

About Chemtrade Logistics Income Fund

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.