Safe Bulkers, found using ticker (SB) have now 5 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 7 and 3.5 calculating the mean target price we have 5.62. With the stocks previous close at 4.42 this is indicating there is a potential upside of 27.1%. The 50 day MA is 4 while the 200 day moving average is 3.97. The company has a market capitalisation of $547m. Find out more information at: https://www.safebulkers.com
The potential market cap would be $696m based on the market concensus.
Safe Bulkers provides marine drybulk transportation services. It owns and operates drybulk vessels for transporting bulk cargoes primarily coal, grain, and iron ore. As of March 15, 2021, the company had a fleet of 43 drybulk vessels having an average age of 10.3 years; and an aggregate carrying capacity of 3,937,000 deadweight tons. Its fleet consisted of 15 Panamax class vessels, 10 Kamsarmax class vessels, 14 post- Panamax class vessels, and four Capesize class vessels. The company was orporated in 2007 and is based in Monaco.
