Raymond James Thinks Chemtrade Logistics’ Stock is Going to Recover

By Austin Angelo

In a latest note to investors, a research analyst has provided a rating update for the Chemtrade Logistics (CHE.UNResearch Report). Analyst Steve Hansen from Raymond James reiterated a Buy rating, with a C$15 price target today.

According to TipRanks.com, Hansen is ranked #3454 out of 5141 analysts.

Currently, the analyst consensus on Chemtrade Logistics is a Strong Buy with an average price target of C$15.88.

Chemtrade Logistics’ market cap is currently C$957.4M and has a P/E ratio of 73.9. The company has a Price to Book ratio of 0.91.

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$10.26, close to its 52-week low of C$10.03.