Noble Financial Thinks Euroseas’ Stock is Going to Recover


In a report released yesterday, Poe Fratt from Noble Financial maintained a Buy rating on Euroseas (ESEA), with a price target of $1.30. The company’s shares opened today at $0.62, close to its 52-week low of $0.53.

According to TipRanks.com, Fratt is ranked #3822 out of 5167 analysts.

Currently, the analyst consensus on Euroseas is a Moderate Buy with an average price target of $1.43, representing a 130.3% upside. In a report released yesterday, Maxim Group also maintained a Buy rating on the stock with a $1 price target.

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The company has a one-year high of $3.87 and a one-year low of $0.53. Currently, Euroseas has an average volume of 127.7K.

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Euroseas Ltd. is a holding company, which engages in the provision of ocean-going transportation services. It operates containerships that transport dry and refrigerated containerized cargoes, mainly including manufactured products, and perishables.

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