Chemtrade Logistics Income Fund (TSE:CHE.UN) Sets New 52-Week High – Still a Buy?

Posted by Amber O'Connor on Nov 30th, 2024

Chemtrade Logistics Income Fund (TSE:CHE.UN – Get Free Report) reached a new 52-week high on Thursday . The stock traded as high as C$11.73 and last traded at C$11.73, with a volume of 173103 shares trading hands. The stock had previously closed at C$11.52.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CHE.UN. Desjardins upped their price target on Chemtrade Logistics Income Fund from C$13.25 to C$14.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. National Bankshares boosted their target price on Chemtrade Logistics Income Fund from C$13.50 to C$14.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Raymond James increased their price target on Chemtrade Logistics Income Fund from C$13.00 to C$14.00 in a report on Monday, November 18th. BMO Capital Markets boosted their price objective on shares of Chemtrade Logistics Income Fund from C$12.00 to C$15.00 in a research note on Tuesday, November 19th. Finally, CIBC raised their target price on shares of Chemtrade Logistics Income Fund from C$14.00 to C$15.00 in a research note on Monday, November 18th.

Get Our Latest Stock Report on Chemtrade Logistics Income Fund

Chemtrade Logistics Income Fund Trading Up 0.5 %

The company has a market capitalization of C$1.38 billion, a P/E ratio of 10.69 and a beta of 1.50. The company has a 50-day simple moving average of C$11.06 and a 200 day simple moving average of C$9.97. The company has a debt-to-equity ratio of 128.02, a quick ratio of 0.48 and a current ratio of 0.40.

Chemtrade Logistics Income Fund Company Profile

(Get Free Report)

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.