Chemtrade Logistics Income Fund (TSE:CHE.UN) had its target price lowered by equities research analysts at Raymond James from C$19.50 to C$15.00 in a research note issued on Monday. The brokerage currently has an “outperform” rating on the stock. Raymond James’ price objective would suggest a potential upside of 45.63% from the company’s current price.
A number of other research analysts also recently weighed in on the stock. CIBC cut their price target on shares of Chemtrade Logistics Income Fund from C$22.00 to C$20.00 and set a “strong-buy” rating on the stock in a report on Monday, November 12th. Royal Bank of Canada cut their price target on shares of Chemtrade Logistics Income Fund from C$18.00 to C$16.00 and set a “sector perform” rating on the stock in a report on Monday, November 12th. Finally, National Bank Financial cut their price target on shares of Chemtrade Logistics Income Fund from C$18.25 to C$17.25 and set an “outperform” rating on the stock in a report on Friday, November 2nd. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Chemtrade Logistics Income Fund currently has an average rating of “Buy” and a consensus target price of C$16.56.
Shares of Chemtrade Logistics Income Fund stock traded down C$0.04 during midday trading on Monday, reaching C$10.30. 178,662 shares of the company’s stock traded hands, compared to its average volume of 157,642. Chemtrade Logistics Income Fund has a 52 week low of C$15.86 and a 52 week 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.
Read More: Risk Tolerance
Receive News & Ratings for Chemtrade Logistics Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chemtrade Logistics Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.