Ardmore Shipping Corporation – Consensus Indicates Potential 16.1% Upside

Broker Ratings
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Ardmore Shipping Corporation with ticker code (ASC) now have 6 analysts in total covering the stock. The consensus rating is ‘Strong_Buy’. The target price ranges between 9 and 7 with a mean TP of 8.22. With the stocks previous close at 7.08 this would imply there is a potential upside of 16.1%. There is a 50 day moving average of 5.55 while the 200 day moving average is 4.19. The market capitalisation for the company is $245m. Find out more information at: https://ardmoreshipping.com

The potential market cap would be $285m 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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