Chemtrade Logistics Income Fund (CHE.UN) Hits New 1-Year Low at $10.88

Chemtrade Logistics Income Fund (TSE:CHE.UN) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as C$10.88 and last traded at C$11.25, with a volume of 212406 shares trading hands. The stock had previously closed at C$11.37.

A number of research analysts have recently commented on CHE.UN shares. Raymond James dropped their price objective on shares of Chemtrade Logistics Income Fund from C$20.00 to C$19.50 and set an “outperform” rating for the company in a research note on Wednesday, August 8th. Royal Bank of Canada dropped their price objective on shares of Chemtrade Logistics Income Fund from C$19.00 to C$18.00 and set a “sector perform” rating for the company in a research note on Friday, August 10th. TD Securities dropped their price objective on shares of Chemtrade Logistics Income Fund from C$22.00 to C$18.00 and set a “buy” rating for the company in a research note on Friday, August 10th. Desjardins raised shares of Chemtrade Logistics Income Fund from a “hold” rating to a “buy” rating and upped their price objective for the company from C$17.00 to C$18.00 in a research note on Tuesday, September 4th. Finally, National Bank Financial dropped their price objective on shares of Chemtrade Logistics Income Fund from C$18.25 to C$17.25 and set an “outperform” rating for the company in a research note on Friday, November 2nd. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Chemtrade Logistics Income Fund has an average rating of “Buy” and an average target price of C$17.88.

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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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