In a latest note to investors, a research analyst has provided a rating update for the Chemtrade Logistics (CHE.UN). Today, analyst Joel Jackson gave a Buy rating to CHE.UN and set a C$13.50 price target.
According to TipRanks.com, Jackson is a 4-star analyst with an average return of 5.1% and a 57.7% success rate. Jackson covers the Consumer Goods sector, focusing on stocks such as Israel Chemicals, Albemarle Corp, and CF Industries.
Chemtrade Logistics has an analyst consensus of Moderate Buy, with a price target consensus of C$12.42, a 37.8% upside from current levels. In a report issued on February 13, Scotiabank also reiterated a Buy rating on the stock with a C$14 price target.
.
Based on Chemtrade Logistics’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$9.19 million. In comparison, last year the company had a net profit of C$45.46 million.
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 company’s shares closed on Friday at C$9.01.
