Chemtrade Logistics Income Fund (TSE:CHE.UN) reached a new 52-week low during trading on Friday . The stock traded as low as C$10.19 and last traded at C$10.19, with a volume of 250570 shares traded. The stock had previously closed at C$10.37.
CHE.UN has been the topic of several recent research reports. Desjardins upgraded Chemtrade Logistics Income Fund from a “hold” rating to a “buy” rating and upped their price objective for the stock from C$17.00 to C$18.00 in a research report on Tuesday, September 4th. National Bank Financial lowered their price objective on Chemtrade Logistics Income Fund from C$18.25 to C$17.25 and set an “outperform” rating on the stock in a research report on Friday, November 2nd. Royal Bank of Canada decreased their target price on Chemtrade Logistics Income Fund from C$18.00 to C$16.00 and set a “sector perform” rating on the stock in a research report on Monday, November 12th. Finally, CIBC decreased their target price on Chemtrade Logistics Income Fund from C$22.00 to C$20.00 and set a “strong-buy” rating on the stock in a research report on Monday, November 12th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Chemtrade Logistics Income Fund presently has a consensus rating of “Buy” and a consensus target price of C$17.88.
About Chemtrade Logistics Income Fund (TSE:CHE.UN)
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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