Ardmore Shipping Corporation which can be found using ticker (ASC) now have 4 analysts in total covering the stock. The consensus rating is pointing to ‘Strong_Buy’. The target price High/Low ranges between 23 and 19 with the average target price sitting at $20.75. Given that the stocks previous close was at $15.24 this is indicating there is a potential upside of 36.2%. The 50 day MA is $16.37 and the 200 day MA is $12.91. The company has a market capitalization of $642m. Visit the company website at: https://ardmoreshipping.com
The potential market cap would be $875m 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 4.45, revenue per share of 11.97 and a 13.76% return on assets.
