Chemtrade Logistics Income Fund (OTCMKTS:CGIFF) Price Target Increased to C$10.50 by Analysts at CIBC

Chemtrade Logistics Income Fund (OTCMKTS:CGIFF) had its target price upped by CIBC from C$10.00 to C$10.50 in a research note issued to investors on Tuesday morning, The Fly reports.

CGIFF has been the subject of several other research reports. National Bank Financial boosted their price objective on shares of Chemtrade Logistics Income Fund from C$9.50 to C$10.00 and gave the company an outperform rating in a research note on Monday, November 15th. Raymond James boosted their price objective on shares of Chemtrade Logistics Income Fund from C$11.50 to C$12.00 and gave the company an outperform rating in a research note on Friday, October 1st. Scotiabank raised shares of Chemtrade Logistics Income Fund from an underperform rating to a sector perform rating in a research note on Friday, November 12th. Finally, Desjardins raised shares of Chemtrade Logistics Income Fund from a hold rating to a buy rating in a research note on Thursday, October 14th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Chemtrade Logistics Income Fund currently has an average rating of Buy and a consensus price target of $9.71.

CGIFF opened at $5.99 on Tuesday. The firm has a 50-day moving average price of $5.91 and a 200-day moving average price of $5.73. Chemtrade Logistics Income Fund has a twelve month low of $4.70 and a twelve month high of $7.00.

Chemtrade Logistics Income Fund Company Profile

Chemtrade Logistics Income Fund engages in the provision of portfolio of industrial chemicals and value-added services. It operates through the following segments: Sulphur Products & Performance Chemicals, Water Solutions & Specialty Chemicals, Electrochemicals, and Corporate. The Sulphur Products & Performance Chemicals segment markets sulphuric acid, liquid sulphur dioxide, sulphur, sodium hydrosulphite, sodium bisulphate, and zinc oxide.

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