Chemtrade Logistics Income Fund (TSE:CHE.UN) had its price objective lowered by National Bank Financial from C$18.25 to C$17.25 in a research report sent to investors on Friday. The brokerage currently has an outperform rating on the stock.
A number of other research analysts have also recently issued reports on the company. Desjardins cut Chemtrade Logistics Income Fund from a buy rating to a c$14.50 rating and reduced their price objective for the company from C$19.00 to C$17.00 in a research note on Monday, July 23rd. BMO Capital Markets reaffirmed a market perform rating and set a C$15.00 price objective on shares of Chemtrade Logistics Income Fund in a research note on Tuesday, July 31st. TD Securities reduced their price objective on Chemtrade Logistics Income Fund from C$22.00 to C$18.00 and set a buy rating on the stock in a research note on Friday, August 10th. Raymond James reduced their price objective on Chemtrade Logistics Income Fund from C$20.00 to C$19.50 and set an outperform rating on the stock in a research note on Wednesday, August 8th. Finally, Royal Bank of Canada reduced their price objective on Chemtrade Logistics Income Fund from C$19.00 to C$18.00 and set a sector perform rating on the stock in a research note on Friday, August 10th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of C$18.72.
CHE.UN opened at C$12.41 on Friday. Chemtrade Logistics Income Fund has a 52 week low of C$15.86 and a 52 week high of C$20.02.
About Chemtrade Logistics Income Fund
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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