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 3.5 and has a mean target at 5.62. Given that the stocks previous close was at 4.29 this would imply there is a potential upside of 31.0%. The 50 day moving average now sits at 4.36 and the 200 day MA is 4.07. The market cap for the company is $523m. You can visit the company’s website by visiting: https://www.safebulkers.com
The potential market cap would be $685m based on the market concensus.
Safe Bulkers, together with its subsidiaries, provides marine drybulk transportation services. It owns and operates drybulk vessels for transporting bulk cargoes primarily coal, grain, and iron ore. As of March 18, 2022, the company had a fleet of 40 drybulk vessels having an average age of 10.4 years; and an aggregate carrying capacity of 3,925,500 deadweight tons. Its fleet consisted of 12 Panamax class vessels, 7 Kamsarmax class vessels, 15 post- Panamax class vessels, and 6 Capesize class vessels. Safe Bulkers was incorporated in 2007 and is based in Monaco.
