Shares of Chemtrade Logistics (CHE.UN) were revisited by a Wall Street analyst yesterday. Analyst Benoit Laprade from Scotiabank reiterated a Buy rating, with a C$14 price target.
According to TipRanks.com, Laprade is a 3-star analyst with an average return of 0.5% and a 61.4% success rate. Laprade covers the Basic Materials sector, focusing on stocks such as West Fraser Timber Co Ltd, Louisiana-Pacific, and Cascades Inc.
Chemtrade Logistics has an analyst consensus of Strong Buy, with a price target consensus of C$14.25.
Chemtrade Logistics’ market cap is currently C$1.09B and has a P/E ratio of 84.3. The company has a Price to Book ratio of 1.03.
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 Wednesday at C$11.72.
