Cleaves Securities analyst Joakim Hannisdahl maintained a Buy rating on Avance Gas Holding (AVACF) yesterday and set a price target of NOK49.00. The company’s shares closed last Monday at $1.96, close to its 52-week low of $1.60.
According to TipRanks.com, Hannisdahl is a 1-star analyst with an average return of -8.4% and a 36.6% success rate. Hannisdahl covers the Services sector, focusing on stocks such as Nordic American Tanker, Eagle Bulk Shipping, and Star Bulk Carriers.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Avance Gas Holding with a $5.43 average price target.
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The company has a one-year high of $6.53 and a one-year low of $1.60. Currently, Avance Gas Holding has an average volume of 2,570.
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Avance Gas Holding Ltd. engages in the operation and transportation of liquefied petroleum gas. It also owns and operates a fleet consisting of the following gas carriers: Avance, Iris Glory, Thetis Glory, Venus Glory, Providence, and Promise. The company was founded by Christian Styrman Andersen in September 2007 and is headquartered in Hamilton, Bermuda.
