Safe Bulkers, Inc with ticker code (SB) now have 5 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 7 and 3 with a mean TP of 5.34. Now with the previous closing price of 4.47 this now indicates there is a potential upside of 19.5%. The 50 day moving average now sits at 3.72 while the 200 day moving average is 3.93. The market cap for the company is $524m. You can visit the company’s website by visiting: https://www.safebulkers.com
The potential market cap would be $626m 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 incorporated in 2007 and is based in Monaco.
