Chemtrade Logistics Income Fund (TSE:CHE.UN) Given Average Recommendation of “Moderate Buy” by Brokerages

Chemtrade Logistics Income Fund (TSE:CHE.UN) has been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$12.71.

Several analysts have commented on CHE.UN shares. Desjardins boosted their price target on shares of Chemtrade Logistics Income Fund from C$13.00 to C$13.25 and gave the stock a “buy” rating in a research note on Friday, August 16th. CIBC raised their price target on Chemtrade Logistics Income Fund from C$13.50 to C$14.00 in a research report on Friday, August 16th. Scotiabank boosted their target price on Chemtrade Logistics Income Fund from C$10.50 to C$11.00 in a research report on Monday, August 19th. National Bankshares boosted their target price on shares of Chemtrade Logistics Income Fund from C$13.50 to C$14.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Finally, BMO Capital Markets boosted their price target on Chemtrade Logistics Income Fund from C$11.00 to C$12.00 and gave the company an “outperform” rating in a report on Tuesday, September 24th.

Chemtrade Logistics Income Fund Stock Up 0.8 %

TSE CHE.UN opened at C$11.02 on Tuesday. The company has a current ratio of 0.40, a quick ratio of 0.48 and a debt-to-equity ratio of 128.02. The stock’s 50 day moving average is C$9.88 and its 200 day moving average is C$9.22. Chemtrade Logistics Income Fund has a 12 month low of C$7.60 and a 12 month high of C$11.11. The stock has a market cap of C$1.29 billion, a PE ratio of 10.02 and a beta of 1.49.

Chemtrade Logistics Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 30th were given a dividend of $0.055 per share. This represents a $0.66 dividend on an annualized basis and a yield of 5.99%. The ex-dividend date was Wednesday, July 31st. Chemtrade Logistics Income Fund’s payout ratio is currently 60.00%.

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.