Analysts Set Chemtrade Logistics Income Fund (TSE:CHE.UN) Target Price at C$12.83

Shares of Chemtrade Logistics Income Fund (TSE:CHE.UN) have been given an average rating of “Moderate Buy” by the six brokerages that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$12.83.

A number of equities research analysts have weighed in on CHE.UN shares. BMO Capital Markets raised their price objective on Chemtrade Logistics Income Fund from C$11.00 to C$12.00 and gave the company an “outperform” rating in a research note on Tuesday, September 24th. Desjardins upped their price target on shares of Chemtrade Logistics Income Fund from C$13.25 to C$14.00 and gave the company a “buy” rating in a report on Thursday, October 17th. CIBC boosted their target price on shares of Chemtrade Logistics Income Fund from C$13.50 to C$14.00 in a research report on Friday, August 16th. Scotiabank boosted their price target on Chemtrade Logistics Income Fund from C$10.50 to C$11.00 in a report on Monday, August 19th. Finally, National Bankshares lifted their price objective on shares of Chemtrade Logistics Income Fund from C$13.50 to C$14.00 and gave the stock an “outperform” rating in a report on Friday, August 16th.

Chemtrade Logistics Income Fund Stock Down 1.6 %

Shares of Chemtrade Logistics Income Fund stock opened at C$11.00 on Friday. Chemtrade Logistics Income Fund has a 1-year low of C$7.77 and a 1-year high of C$11.32. The company has a market capitalization of C$1.28 billion, a PE ratio of 10.00 and a beta of 1.50. 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 business has a 50-day moving average of C$10.39 and a 200-day moving average of C$9.51.

Chemtrade Logistics Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 30th were issued a $0.055 dividend. The ex-dividend date was Wednesday, July 31st. This represents a $0.66 dividend on an annualized basis and a dividend yield of 6.00%. Chemtrade Logistics Income Fund’s dividend payout ratio (DPR) is presently 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.