Bullboard - Stock Discussion Forum Chemtrade Logistics Income 6 50 Convertible Unsecured Subordinated Debentures T.CHE.DB.F

Primary Symbol: T.CHE.DB.E Alternate Symbol(s): T.CHE.DB.G | CGIFF | T.CHE.DB.H | T.CHE.UN

Chemicals Basic Materials

Chemtrade Logistics Income Fund is a Canada-based company that operates a diversified business providing industrial chemicals and services to customers in North America and around the world. The Company's segments include Sulphur and Water Chemicals (SWC), and Electrochemicals (EC). SWC segment markets, removes and/or produces merchant, Regen and sulphuric acid, sodium hydrosulphite, elemental... see more

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TSX:CHE.DB.E - Post Discussion

Chemtrade Logistics Income 6 50 Convertible Unsecured Subordinated Debentures > From Globe & Mail this AM

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Post by SuperM on May 17, 2024 8:54am

From Globe & Mail this AM

RBC’s Nelson Ng bumped his Chemtrade Logistics Income Fund (

CHE-UN-T

+5.03%

) target to $12 from $11 with an “outperform” rating. The average is $12.56.

“Chemtrade posted strong Q1/24 results, and management is now guiding to the upper end of its 2024 guidance range. The operating segments are performing well and with a significantly stronger balance sheet relative to previous years, the Board has approved a 10-per-cent NCIB and the company is also considering strategic M&A opportunities, supplementing organic growth,” said Mr. Ng.

GLTA
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