In a report released today, Magnus Fyhr from H.C. Wainwright maintained a Buy rating on Ardmore Shipping (ASC – Research Report), with a price target of $8.50. The company's shares closed last Wednesday at $6.89, close to its 52-week high of $7.39. According to TipRanks.com, Fyhr is a 4-star analyst with an average return of 12.5% and a 63.9% success rate. Fyhr covers the Industrial Goods sector, focusing on stocks such as Nordic American Tanker, International Seaways, and Performance Shipping. Ardmore Shipping has an analyst consensus of Strong Buy, with a price target consensus of $7.88, which is a 14.2% upside from current levels.
https://www.tipranks.com/news/blurbs/h-c-wainwright-believes-ardmore-shipping-asc-still-has-room-to-grow?utm_source=advfn.com&utm_medium=referral
Ardmore Shipping (NYSE:ASC)
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