Chemtrade Logistics Income Fund (TSE:CHE.UN) has been assigned a consensus rating of “Buy” from the six ratings firms that are covering the stock, Marketbeat.com reports. One 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$21.08.
A number of brokerages have recently weighed in on CHE.UN. Scotiabank lowered their price target on Chemtrade Logistics Income Fund from C$20.50 to C$20.00 and set an “outperform” rating on the stock in a report on Monday, July 10th. National Bank Financial upgraded Chemtrade Logistics Income Fund from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from C$19.50 to C$20.50 in a report on Monday, August 14th. Finally, TD Securities lifted their price target on Chemtrade Logistics Income Fund from C$22.00 to C$23.00 in a report 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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