Ardmore Shipping Corporation – Consensus Indicates Potential 7.4% 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 range between the high target price and low target price is between 18 and 14 with the average target price sitting at 16.25. Now with the previous closing price of 15.13 this would indicate that there is a potential upside of 7.4%. The 50 day moving average now sits at 12.28 and the 200 day moving average is 8.37. The market capitalisation for the company is $649m. Find out more information at: https://ardmoreshipping.com

The potential market cap would be $697m 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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