Chemtrade Logistics Income Fund (OTCMKTS:CGIFF) Trading 1.3% Higher

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Chemtrade Logistics Income Fund (OTCMKTS:CGIFF) shares traded up 1.3% during mid-day trading on Monday . The company traded as high as $4.89 and last traded at $4.89. 12,540 shares changed hands during mid-day trading, an increase of 124% from the average session volume of 5,607 shares. The stock had previously closed at $4.83.

CGIFF has been the subject of several recent research reports. BMO Capital Markets decreased their price target on Chemtrade Logistics Income Fund from $6.50 to $6.00 and set a “market perform” rating for the company in a research note on Monday, November 16th. TD Securities decreased their price target on Chemtrade Logistics Income Fund from $5.50 to $5.00 and set a “hold” rating for the company in a research note on Monday, November 16th. CIBC raised Chemtrade Logistics Income Fund from a “neutral” rating to an “outperform” rating in a research note on Monday, December 21st. Finally, Scotiabank decreased their price target on Chemtrade Logistics Income Fund from $7.00 to $6.00 and set a “sector perform” rating for the company in a research note on Monday, November 16th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $6.15.

The firm has a 50-day moving average of $4.30 and a 200 day moving average of $3.98.

About Chemtrade Logistics Income Fund (OTCMKTS:CGIFF)

Chemtrade Logistics Income Fund provides industrial chemicals and services in Canada, the United States, and South America. It operates through Sulphur Products and Performance chemicals (SPPC), Water Solutions and Specialty Chemicals (WSSC), and Electrochemicals (EC) segments. The SPPC segment removes and/or produces merchant, regenerated, and ultra-pure sulphuric acid, sodium hydrosulphite, elemental sulphur, liquid sulphur dioxide, hydrogen sulphide, sodium bisulphite, and sulphides.

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