Home » USA Broker Ratings » Ardmore Shipping Corporation – Consensus Indicates Potential 66.2% Upside

Ardmore Shipping Corporation – Consensus Indicates Potential 66.2% Upside

Ardmore Shipping Corporation with ticker code (ASC) have now 7 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 11 and 8 with a mean TP of 9.74. Given that the stocks previous close was at 5.86 this is indicating there is a potential upside of 66.2%. The 50 day moving average now sits at 5.53 and the 200 day MA is 6.77. The market cap for the company is $193m. Visit the company website at: http://ardmoreshipping.com

Ardmore Shipping Corporation, together with its subsidiaries, engages in the seaborne transportation of petroleum products and chemicals worldwide. As of August 30, 2019, the company operated a fleet of 25 double-hulled product and chemical tankers. It serves oil majors, oil companies, oil and chemical traders, and chemical companies. The company was founded in 2010 and is based in Pembroke, Bermuda.

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