Noble Financial analyst Poe Fratt maintained a Buy rating on EuroDry Ltd (EDRY) yesterday and set a price target of $13.50. The company’s shares closed yesterday at $7.70.
According to TipRanks.com, Fratt is ranked #3617 out of 5173 analysts.
Currently, the analyst consensus on EuroDry Ltd is a Moderate Buy with an average price target of $12.25, a 59.1% upside from current levels. In a report issued on May 24, Maxim Group also maintained a Buy rating on the stock with a $11 price target.
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EuroDry Ltd’s market cap is currently $17.56M and has a P/E ratio of 31.19. The company has a Price to Book ratio of 0.40.
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Eurodry Ltd. engages in the provision of ocean-going transportation services. It owns and operates drybulk carriers that transport major bulks such as iron ore, coal and grains, and minor bulks , which includes bauxite, phosphate, and fertilizers. The company was founded on January 8, 2018 and is headquartered in Athens, Greece.