CIBC Sticks to Its Hold Rating for Chemtrade Logistics (CHE.UN)
In a report released yesterday, Hamir Patel from CIBC maintained a Hold rating on Chemtrade Logistics (CHE.UN – Research Report), with a price target of C$10.50.
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According to TipRanks, Patel is a 5-star analyst with an average return of 15.5% and a 54.55% success rate. Patel covers the Basic Materials sector, focusing on stocks such as Methanex, Mercer International, and Mosaic Co.
Currently, the analyst consensus on Chemtrade Logistics is a Moderate Buy with an average price target of C$13.00.
CHE.UN market cap is currently C$1.12B and has a P/E ratio of 8.99.
Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CHE.UN in relation to earlier this year.
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