Shares of Chemtrade Logistics Income Fund (TSE:CHE.UN – Get Free Report) have been given a consensus rating of “Moderate Buy” by the eight ratings firms that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$19.25.
Several equities research analysts have recently weighed in on the stock. Royal Bank Of Canada increased their target price on shares of Chemtrade Logistics Income Fund from C$18.00 to C$20.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. BMO Capital Markets raised shares of Chemtrade Logistics Income Fund from a “market perform” rating to an “outperform” rating and set a C$18.50 target price on the stock in a research note on Thursday, April 23rd. National Bank Financial increased their target price on shares of Chemtrade Logistics Income Fund from C$18.00 to C$23.50 and gave the company an “outperform” rating in a research note on Monday, April 13th. Raymond James Financial raised shares of Chemtrade Logistics Income Fund from a “market perform” rating to an “outperform” rating and increased their target price for the company from C$15.00 to C$21.00 in a research note on Tuesday, April 28th. Finally, Scotia increased their target price on shares of Chemtrade Logistics Income Fund from C$17.00 to C$19.00 and gave the company a “sector perform” rating in a research note on Thursday, May 14th.
View Our Latest Research Report on CHE.UN
Chemtrade Logistics Income Fund Trading Down 0.4%
Chemtrade Logistics Income Fund Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 29th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 4.4%. Chemtrade Logistics Income Fund’s dividend payout ratio is currently 67.72%.
Chemtrade Logistics Income Fund Company Profile
Chemtrade Logistics Income Fund provides industrial chemicals and services to customers in North America and around the world. The company organized into four main operating segments: Sulphur Products and Performance Chemicals (SPPC), Water Solutions and Specialty Chemicals (WSSC), Electrochemicals, and Corporate. It generates maximum revenue from Electrochemicals segment. Chemtrade operates in Canada, the United States, and South America of which maximum revenue comes from the United States. SPPC markets, remove and produces merchant, regenerated and ultra-pure sulphuric acid, liquid sulphur dioxide, sodium hydrosulfite and provides other processing services.
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