Chemtrade Logistics Income Fund (TSE:CHE.UN) Sets New 1-Year High – Should You Buy?

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

Wall Street Analysts Forecast Growth

Several research firms have commented on CHE.UN. CIBC lifted their price target on shares of Chemtrade Logistics Income Fund from C$14.00 to C$15.00 in a research note on Monday, November 18th. BMO Capital Markets boosted their price target on shares of Chemtrade Logistics Income Fund from C$12.00 to C$15.00 in a research note on Tuesday, November 19th. Desjardins upped their price target on Chemtrade Logistics Income Fund from C$13.25 to C$14.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Scotiabank lifted their price target on Chemtrade Logistics Income Fund from C$10.50 to C$11.00 in a research report on Monday, August 19th. Finally, National Bankshares upped their target price on shares of Chemtrade Logistics Income Fund from C$13.50 to C$14.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th.

Chemtrade Logistics Income Fund Price Performance

The company has a debt-to-equity ratio of 128.02, a current ratio of 0.40 and a quick ratio of 0.48. The business’s 50 day moving average price is C$11.03 and its 200 day moving average price is C$9.96. The stock has a market capitalization of C$1.36 billion, a P/E ratio of 10.59 and a beta of 1.50.

About Chemtrade Logistics Income Fund

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.