Safe Bulkers, Inc found using ticker (SB) have now 5 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The range between the high target price and low target price is between 7 and 3 with the average target price sitting at 5.34. Given that the stocks previous close was at 4.11 this is indicating there is a potential upside of 29.9%. The day 50 moving average is 3.67 and the 200 day moving average is 3.92. The company has a market capitalisation of $500m. Company Website: https://www.safebulkers.com
The potential market cap would be $650m 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.
