SFL Corporation Ltd with ticker code (SFL) have now 5 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price High/Low ranges between 16 and 11 with the average target price sitting at $12.64. Given that the stocks previous close was at $9.24 this would imply there is now a potential upside of 36.8%. It’s also worth noting that there is a 50 day moving average of $9.93 while the 200 day moving average is $9.88. The market cap for the company is $1,160m. Visit the company website at: https://www.sflcorp.com
The potential market cap would be $1,587m based on the market consensus.
SFL Corporation Ltd., a maritime and offshore asset owning and chartering company, engages in the ownership, operation, and chartering out of vessels and offshore related assets on medium and long-term charters. The company operates in various sectors of the maritime, and shipping and offshore industries, including oil transportation, dry bulk shipments, chemical transportation, oil products transportation, container transportation, car transportation, and drilling rigs. As of December 31, 2022, the company owned 10 crude oil tankers, 15 dry bulk carriers, 32 container vessels, three car carriers, one jack-up drilling rig, one ultra-deepwater drilling unit, two chemical tankers, and six oil product tankers. It primarily operates in Bermuda, Cyprus, Liberia, Norway, Singapore, the United Kingdom, and the Marshall Islands. The company was formerly known as Ship Finance International Limited and changed its name to SFL Corporation Ltd. in September 2019. SFL Corporation Ltd. was incorporated in 2003 and is headquartered in Hamilton, Bermuda.
The company has a dividend yield of 10.49% with the ex dividend date set at 14-3-2023 (DMY).
Other points of data to note are a P/E ratio of 5.98, revenue per share of 5.24 and a 4.48% return on assets.
