In a report issued on April 9, Joakim Hannisdahl from Cleaves Securities maintained a Buy rating on Avance Gas Holding (AVACF), with a price target of NOK54.00. The company’s shares closed last Thursday at $5.27, close to its 52-week high of $5.84.
According to TipRanks.com, Hannisdahl is a 5-star analyst with an average return of 14.4% and a 60.9% success rate. Hannisdahl covers the Industrial Goods sector, focusing on stocks such as Nordic American Tanker, International Seaways, and Eagle Bulk Shipping.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Avance Gas Holding with a $5.76 average price target.
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The company has a one-year high of $5.84 and a one-year low of $1.71. Currently, Avance Gas Holding has an average volume of 2,006.
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Avance Gas Holding Ltd is engaged in the transportation of liquefied petroleum gas (LPG). It owns and operates very large gas carriers (VLGCs) providing transportation services to oil majors and traders of LPG on a global basis. It operates a fleet of vessels providing customers with global transportation services through the combination of the contract of affreightments and spot market voyages. The company transports liquefied petroleum gas from the Middle East Gulf and the United States Gulf to destinations in Europe, South America and Asia. The company operates through the single segment being Liquefied Petroleum Gas.
