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 8 and 3 calculating the average target price we see 5.86. With the stocks previous close at 3.46 this is indicating there is a potential upside of 69.4%. The 50 day MA is 3.65 and the 200 day MA is 3.84. The market capitalisation for the company is $406m. Company Website: https://www.safebulkers.com
The potential market cap would be $688m 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.
