Chemtrade Logistics Income Fund (TSE:CHE.UN) Hits New 12-Month High – Should You Buy?

Chemtrade Logistics Income Fund (TSE:CHE.UNGet Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$16.50 and last traded at C$16.49, with a volume of 13491 shares. The stock had previously closed at C$16.37.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CHE.UN shares. BMO Capital Markets lowered their target price on shares of Chemtrade Logistics Income Fund from C$20.00 to C$18.50 and set an “outperform” rating on the stock in a research report on Friday, January 9th. National Bank Financial raised their target price on shares of Chemtrade Logistics Income Fund from C$17.50 to C$18.00 and gave the stock an “outperform” rating in a research report on Monday, January 19th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$18.21.

Check Out Our Latest Stock Analysis on CHE.UN

Chemtrade Logistics Income Fund Trading Down 0.8%

The business’s 50-day moving average price is C$15.76 and its 200-day moving average price is C$14.71. The company has a debt-to-equity ratio of 128.02, a current ratio of 0.40 and a quick ratio of 0.48. The firm has a market capitalization of C$1.87 billion, a PE ratio of 13.68 and a beta of 0.56.

About Chemtrade Logistics Income Fund

(Get Free Report)

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. It generates maximum revenue from Electrochemicals segment. Chemtrade operates in Canada, the United States, and South America of which maximum revenue comes from the United States. SPPC markets, remove and produces merchant, regenerated and ultra-pure sulphuric acid, liquid sulphur dioxide, sodium hydrosulfite and provides other processing services.

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