Ardmore Shipping Corporation with ticker code (ASC) have now 6 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 7 and 4.1 with the average target price sitting at 6.02. Given that the stocks previous close was at 3.46 this indicates there is a potential upside of 74.0%. The 50 day moving average now sits at 3.72 and the 200 day moving average is 3.87. The market capitalisation for the company is $121m. You can visit the company’s website by visiting: https://ardmoreshipping.com
The potential market cap would be $211m based on the market concensus.
Ardmore Shipping Corporation engages in the seaborne transportation of petroleum products and chemicals worldwide. As of February 15, 2021, 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.
