Ardmore Shipping Corporation – Consensus Indicates Potential 16.1% Upside

Broker Ratings
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Ardmore Shipping Corporation found using ticker (ASC) have now 4 analysts in total covering the stock. The consensus rating is ‘Strong_Buy’. The target price ranges between 9 and 7 calculating the average target price we see 7.95. With the stocks previous close at 6.85 this would imply there is a potential upside of 16.1%. The day 50 moving average is 7.2 and the 200 day MA is 4.83. The market capitalisation for the company is $240m. Find out more information at: https://ardmoreshipping.com

The potential market cap would be $278m 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.

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