Chemtrade Logistics (CHE.UN) Receives a Buy from Scotiabank

Shares of Chemtrade Logistics (CHE.UNResearch Report) 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.

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