Ardmore Shipping Corporation – Consensus Indicates Potential -1.8% Downside

Broker Ratings

Ardmore Shipping Corporation with ticker code (ASC) have now 4 analysts covering the stock with the consensus suggesting a rating of ‘Strong_Buy’. The target price ranges between 9 and 7 calculating the average target price we see 8.07. With the stocks previous close at 8.22 this would imply there is a potential downside of -1.8%. The day 50 moving average is 7.36 while the 200 day moving average is 5. The market cap for the company is $271m. Company Website: https://ardmoreshipping.com

The potential market cap would be $266m based on the market concensus.

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Ardmore Shipping Corporation engages in the seaborne transportation of petroleum products and chemicals worldwide. As of February 15, 2022, the company operated a fleet of 25 double-hulled product and chemical tankers. It serves oil majors, oil companies, oil and chemical traders, chemical companies, and pooling service providers. The company was founded in 2010 and is based in Pembroke, Bermuda.

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