Safe Bulkers, Inc with ticker code (SB) now have 4 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 3.5 calculating the average target price we see 5.25. Now with the previous closing price of 2.63 this indicates there is a potential upside of 99.6%. The day 50 moving average is 3.26 and the 200 day moving average is 3.86. The company has a market cap of $317m. You can visit the company’s website by visiting: https://www.safebulkers.com
The potential market cap would be $633m 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.
