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 2.85 with a mean TP of 5.11. Now with the previous closing price of 2.85 this is indicating there is a potential upside of 79.3%. There is a 50 day moving average of 2.73 and the 200 day MA is 3.68. The market cap for the company is $325m. You can visit the company’s website by visiting: https://www.safebulkers.com
The potential market cap would be $582m 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.
