Ardmore Shipping Corporation with ticker code (ASC) have now 4 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Strong_Buy’. The target price High/Low ranges between 23 and 19 calculating the average target price we see $20.75. Given that the stocks previous close was at $15.75 and the analysts are correct then there would likely be a percentage uptick in value of 31.7%. The day 50 moving average is $16.39 and the 200 moving average now moves to $12.86. The market cap for the company is $625m. You can visit the company’s website by visiting: https://ardmoreshipping.com
The potential market cap would be $823m 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 2.86% with the ex dividend date set at 27-2-2023 (DMY).
Other points of data to note are a P/E ratio of 4.51, revenue per share of 11.97 and a 13.76% return on assets.
