Safe Bulkers, Inc with ticker code (SB) have now 4 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 7 and 3.5 with a mean TP of 5.5. Given that the stocks previous close was at 3.81 this now indicates there is a potential upside of 44.4%. The 50 day MA is 3.84 and the 200 day MA is 3.99. The market cap for the company is $444m. Company Website: https://www.safebulkers.com
The potential market cap would be $641m 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.
