Chemtrade Logistics (CHE.UN) Receives a Hold from Raymond James

By Ryan Adsit

Chemtrade Logistics (CHE.UNResearch Report), the Materials sector company, was revisited by a Wall Street analyst today. Analyst Steve Hansen from Raymond James rated Chemtrade Logistics (CHE.UNResearch Report) a Hold, setting a C$12.50 price target.

According to TipRanks.com, Hansen is ranked #1079 out of 5181 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Chemtrade Logistics with a C$12.39 average price target.

The company has a one-year high of C$16.75 and a one-year low of C$8.01. Currently, Chemtrade Logistics has an average volume of 666K.

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$9.14, close to its 52-week low of C$8.01.