Chemtrade Logistics Income Fund (TSE:CHE.UN) had its price objective cut by investment analysts at National Bank Financial from C$18.25 to C$17.25 in a research note issued to investors on Friday, November 2nd. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price objective would indicate a potential upside of 39.90% from the company’s previous close.
A number of other equities research analysts also recently commented on CHE.UN. Desjardins downgraded shares of Chemtrade Logistics Income Fund from a “buy” rating to a “c$14.50” rating and cut their target price for the stock from C$19.00 to C$17.00 in a research report on Monday, July 23rd. BMO Capital Markets reiterated a “market perform” rating and set a C$15.00 price target on shares of Chemtrade Logistics Income Fund in a research note on Tuesday, July 31st. Raymond James lowered their target price on shares of Chemtrade Logistics Income Fund from C$20.00 to C$19.50 and set an “outperform” rating on the stock in a research note on Wednesday, August 8th. Royal Bank of Canada lowered their target price on shares of Chemtrade Logistics Income Fund from C$19.00 to C$18.00 and set a “sector perform” rating on the stock in a research note on Friday, August 10th. Finally, TD Securities lowered their target price on shares of Chemtrade Logistics Income Fund from C$22.00 to C$18.00 and set a “buy” rating on the stock in a research note on Friday, August 10th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Chemtrade Logistics Income Fund has an average rating of “Buy” and an average target price of C$18.72.
Shares of TSE CHE.UN traded up C$0.04 on Friday, reaching C$12.33. 338,937 shares of the company’s stock traded hands, compared to its average volume of 157,642. Chemtrade Logistics Income Fund has a 12 month low of C$15.86 and a 12 month high of C$20.02.
Chemtrade Logistics Income Fund (Chemtrade) provides industrial chemicals and services. Chemtrade operates in four business segments: Sulphur Products & Performance Chemicals (SPPC), Water Solutions & Specialty Chemicals (WSSC), International (Intl) and Corporate (Corp). Its SPPC segment markets, removes and produces merchant, regenerated sulfuric acid, liquid sulfur dioxide, sodium hydrosulfite, elemental sulfur, hydrogen sulfide, and sodium bisulfite and other processing services.
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