Chemtrade Logistics (CHE.UN) Gets a Buy Rating from Desjardins


In a latest note to investors, a research analyst has provided a rating update for the Chemtrade Logistics (CHE.UN). Today, analyst David Newman gave a Buy rating to CHE.UN and set a C$14 price target.

According to TipRanks.com, Newman is ranked #3799 out of 5129 analysts.

Currently, the analyst consensus on Chemtrade Logistics is a Moderate Buy with an average price target of C$15.79, implying a 52.9% upside from current levels. In a report issued on January 14, Raymond James also maintained a Buy rating on the stock with a C$15 price target.

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The company has a one-year high of C$17.71 and a one-year low of C$10.03. Currently, Chemtrade Logistics has an average volume of 272.9K.

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 Monday at C$10.33, close to its 52-week low of C$10.03.

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