Ardmore Shipping Corporation – Consensus Indicates Potential 6.0% Upside

Broker Ratings

Ardmore Shipping Corporation found using ticker (ASC) now have 5 analysts in total covering the stock. The consensus rating is ‘Strong_Buy’. The target price ranges between 15 and 7 with a mean TP of 10.6. Given that the stocks previous close was at 10 this now indicates there is a potential upside of 6.0%. There is a 50 day moving average of 8.93 and the 200 day moving average is 6.05. The market cap for the company is $400m. Company Website: https://ardmoreshipping.com

The potential market cap would be $424m 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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