Ardmore Shipping Corporation with ticker code (ASC) have now 4 market analysts covering the stock. The analyst consensus now points to a rating of ‘Strong_Buy’. The range between the high target price and low target price is between 23 and 14 suggesting an average Analsyt target price of $19.50. Given that the stocks previous close was at $15.07 and the analysts are correct then there would likely be a percentage uptick in value of 29.4%. There is a 50 day moving average of $16.32 while the 200 day moving average is $12.63. The company has a market capitalization of $625m. Company Website: https://ardmoreshipping.com
The potential market cap would be $808m based on the market consensus.
Ardmore Shipping Corporation engages in the seaborne transportation of petroleum products and chemicals worldwide. As of March 15, 2023, the company operated a fleet of 22 owned vessels including 21 Eco-design and 1 Eco-mod vessel, and five chartered-in vessels. It serves oil majors, oil companies, oil and chemical traders, chemical companies, and pooling service providers. The company was founded in 2010 and is headquartered in Pembroke, Bermuda.
The company has a dividend yield of 2.99% with the ex dividend date set at 27-2-2023 (DMY).
Other points of data to note are a P/E ratio of 4.33, revenue per share of 11.97 and a 13.76% return on assets.
