Stifel Nicolaus analyst Benjamin Nolan maintained a Buy rating on Ardmore Shipping (ASC – Research Report) on May 5 and set a price target of $7.50. The company's shares closed last Friday at $7.00, close to its 52-week high of $7.39. According to TipRanks.com, Nolan is a 5-star analyst with an average return of 18.5% and a 63.8% success rate. Nolan covers the Industrial Goods sector, focusing on stocks such as Canadian National Railway, Cheniere Energy Partners, and International Seaways. Ardmore Shipping has an analyst consensus of Strong Buy, with a price target consensus of $8.50, implying a 18.9% upside from current levels.
https://www.tipranks.com/news/blurbs/stifel-nicolaus-believes-ardmore-shipping-asc-still-has-room-to-grow?utm_source=advfn.com&utm_medium=referral
Ardmore Shipping (NYSE:ASC)
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