Ardmore Shipping Corporation which can be found using ticker (ASC) now have 4 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Strong_Buy’. The range between the high target price and low target price is between 23 and 14 and has a mean target at $19.50. Given that the stocks previous close was at $15.18 this now indicates there is a potential upside of 28.5%. The 50 day MA is $15.90 and the 200 moving average now moves to $11.94. The market cap for the company is $617m. You can visit the company’s website by visiting: https://ardmoreshipping.com
The potential market cap would be $792m based on the market consensus.
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.
The company has a dividend yield of 2.92% with the ex dividend date set at 27-2-2023 (DMY).
Other points of data to note are a P/E ratio of 4.39, revenue per share of 11.97 and a 13.76% return on assets.
