Ardmore Shipping Corporation found using ticker (ASC) have now 6 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 7 and 4.1 calculating the average target price we see 5.93. Now with the previous closing price of 5.59 this indicates there is a potential upside of 6.1%. The day 50 moving average is 4.35 and the 200 day moving average is 3.84. The market capitalisation for the company is $188m. Company Website: https://ardmoreshipping.com
The potential market cap would be $199m 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.
