Shares of Chemtrade Logistics Income Fund (TSE:CHE.UN – Get Free Report) 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.
Check Out Our Latest Research Report on CHE.UN
Chemtrade Logistics Income Fund Stock Down 1.6 %
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.
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