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

Shares of Chemtrade Logistics Income Fund (TSE:CHE.UN) reached a new 52-week high during mid-day trading on Friday . The company traded as high as C$11.43 and last traded at C$11.33, with a volume of 104409 shares traded. The stock had previously closed at C$11.09.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CHE.UN shares. National Bankshares increased their target price on 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. Desjardins lifted their price objective 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. BMO Capital Markets upped their target price on shares of Chemtrade Logistics Income Fund from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a report on Tuesday, September 24th. CIBC upped their price target on Chemtrade Logistics Income Fund from C$13.50 to C$14.00 in a report on Friday, August 16th. Finally, Scotiabank increased their price objective on shares of Chemtrade Logistics Income Fund from C$10.50 to C$11.00 in a research note on Monday, August 19th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Chemtrade Logistics Income Fund presently has an average rating of “Moderate Buy” and a consensus target price of C$12.83.

Chemtrade Logistics Income Fund Stock Up 2.9 %

The company has a market cap of C$1.33 billion, a PE ratio of 10.08 and a beta of 1.50. The stock has a 50-day moving average of C$10.76 and a 200-day moving average of C$9.78. The company has a quick ratio of 0.48, a current ratio of 0.40 and a debt-to-equity ratio of 128.02.

Chemtrade Logistics Income Fund Company Profile

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.