Chemtrade Logistics Income Fund (TSE:CHE.UN) had its price objective reduced by TD Securities from C$22.00 to C$18.00 in a research report sent to investors on Friday. TD Securities currently has a buy rating on the stock.
CHE.UN has been the topic of several other research reports. Desjardins lowered Chemtrade Logistics Income Fund from a buy rating to a c$14.50 rating and lowered their price target for the stock from C$19.00 to C$17.00 in a research report on Monday, July 23rd. National Bank Financial lowered their price target on Chemtrade Logistics Income Fund from C$20.50 to C$18.25 and set an outperform rating on the stock in a research report on Friday, April 27th. BMO Capital Markets reaffirmed a market perform rating and set a C$15.00 price target on shares of Chemtrade Logistics Income Fund in a research report on Tuesday, July 31st. Royal Bank of Canada lowered their price target 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 report on Friday. Finally, Raymond James lowered their price target on Chemtrade Logistics Income Fund from C$20.00 to C$19.50 and set an outperform rating on the stock in a research report on Wednesday, August 8th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of C$18.72.
Shares of Chemtrade Logistics Income Fund opened at C$15.14 on Friday, Marketbeat reports. Chemtrade Logistics Income Fund has a 52-week low of C$15.86 and a 52-week high of C$20.02.
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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