Ardmore Shipping Corporation – Consensus Indicates Potential 15.7% Upside

Broker Ratings

Ardmore Shipping Corporation found using ticker (ASC) have now 4 analysts in total covering the stock. The consensus rating is ‘Strong_Buy’. The range between the high target price and low target price is between 9 and 7 calculating the average target price we see 7.95. Given that the stocks previous close was at 6.87 this now indicates there is a potential upside of 15.7%. The day 50 moving average is 7.24 and the 200 day MA is 4.91. The company has a market capitalisation of $243m. Company Website: https://ardmoreshipping.com

The potential market cap would be $281m 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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