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TD Securities Thinks Chemtrade Logistics’ Stock is Going to Recover


Wall Street analyst has provided a review on November 28, and retained the same rating on the stock. Analyst Damir Gunja remains bullish on Chemtrade Logistics (CHE.UN) and has a C$15 price target.

According to TipRanks.com, Gunja is ranked #2070 out of 5134 analysts.

Currently, the analyst consensus on Chemtrade Logistics is a Strong Buy with an average price target of C$16.86, representing a 42.8% upside. In a report issued on November 13, GMP FirstEnergy also maintained a Buy rating on the stock with a C$17 price target.

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The company has a one-year high of C$19.46 and a one-year low of C$11.06. Currently, Chemtrade Logistics has an average volume of 222.4K.

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$11.81, close to its 52-week low of C$11.06.