Ardmore Shipping Corporation with ticker code (ASC) now have 4 analysts covering the stock with the consensus suggesting a rating of ‘Strong_Buy’. The target price ranges between 18 and 14 calculating the mean target price we have 16.75. With the stocks previous close at 14.49 this now indicates there is a potential upside of 15.6%. There is a 50 day moving average of 14.36 while the 200 day moving average is 10.4. The market capitalisation for the company is $609m. Company Website: https://ardmoreshipping.com
The potential market cap would be $704m based on the market concensus.
Ardmore Shipping Corporation engages in the seaborne transportation of petroleum products and chemicals worldwide. As of February 15, 2022, the company operated a fleet of 25 double-hulled product and chemical tankers. It serves oil majors, oil companies, oil and chemical traders, chemical companies, and pooling service providers. The company was founded in 2010 and is based in Pembroke, Bermuda.
