Ardmore Shipping Corporation with ticker code (ASC) now have 5 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 11 and 7 with a mean TP of 9.06. Given that the stocks previous close was at 9.7 this indicates there is a potential downside of -6.6%. The 50 day MA is 8.18 and the 200 moving average now moves to 5.64. The market cap for the company is $380m. You can visit the company’s website by visiting: https://ardmoreshipping.com
The potential market cap would be $355m 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.
