Scotiabank Lowers Chemtrade Logistics Income Fund (TSE:CHE.UN) Price Target to C$10.00

Chemtrade Logistics Income Fund (TSE:CHE.UN – Get Rating) had its target price reduced by Scotiabank from C$10.50 to C$10.00 in a research report issued on Thursday, BayStreet.CA reports. Scotiabank’s price objective indicates a potential upside of 12.99% from the stock’s previous close.

CHE.UN has been the subject of a number of other research reports. Raymond James lowered Chemtrade Logistics Income Fund from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from C$12.00 to C$11.00 in a research note on Monday, February 27th. BMO Capital Markets lifted their price objective on Chemtrade Logistics Income Fund from C$10.50 to C$11.00 in a research note on Tuesday, January 17th. National Bankshares lifted their price objective on Chemtrade Logistics Income Fund from C$12.00 to C$12.25 and gave the company an “outperform” rating in a research note on Wednesday, February 22nd. CIBC lifted their price objective on Chemtrade Logistics Income Fund from C$9.50 to C$11.00 and gave the company an “outperform” rating in a research note on Wednesday, November 9th. Finally, Royal Bank of Canada lifted their price objective on Chemtrade Logistics Income Fund from C$10.00 to C$11.00 and gave the company an “outperform” rating in a research note on Friday, February 24th.

Chemtrade Logistics Income Fund Stock Performance

Shares of CHE.UN stock opened at C$8.85 on Thursday. The firm has a market capitalization of C$1.02 billion, a price-to-earnings ratio of 8.94 and a beta of 1.56. The company has a debt-to-equity ratio of 184.19, a current ratio of 0.92 and a quick ratio of 0.48. The business has a fifty day moving average of C$9.57 and a 200 day moving average of C$8.74. Chemtrade Logistics Income Fund has a 1 year low of C$6.65 and a 1 year high of C$10.19.

Chemtrade Logistics Income Fund Company Profile

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Chemtrade Logistics Income Fund provides industrial chemicals and services in Canada, the United States, and South America. It operates through Sulphur Products & Performance Chemicals (SPPC), Water Solutions & Specialty Chemicals (WSSC), and Electrochemicals (EC) segments. The SPPC segment removes and/or produces merchant, regenerated, and ultra pure sulphuric acid, sodium hydrosulphite, elemental sulphur, liquid sulphur dioxide, hydrogen sulphide, sodium bisulphite, and sulphides.