Brokerages Set Chemtrade Logistics Income Fund (CHE.UN) Target Price at $21.42

Shares of Chemtrade Logistics Income Fund (TSE:CHE.UN) have been given an average rating of “Buy” by the six brokerages that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$21.42.

Several brokerages have issued reports on CHE.UN. Scotiabank lowered their target price on shares of Chemtrade Logistics Income Fund from C$20.50 to C$20.00 and set an “outperform” rating on the stock in a research note on Monday, July 10th. TD Securities lifted their target price on shares of Chemtrade Logistics Income Fund from C$22.00 to C$23.00 in a research note on Monday, August 14th. Finally, National Bank Financial raised shares of Chemtrade Logistics Income Fund from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from C$19.50 to C$20.50 in a research note on Monday, August 14th.

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Chemtrade Logistics Income Fund Company Profile

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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