In a report issued on April 11, Joakim Hannisdahl from Cleaves Securities maintained a Buy rating on Golden Ocean Group (GOGL), with a price target of $5.60. The company’s shares closed last Thursday at $3.59.
According to TipRanks.com, Hannisdahl has currently no stars on a ranking scale of 0-5 stars, with an average return of -7.5% and a 37.3% success rate. Hannisdahl covers the Services sector, focusing on stocks such as Nordic American Tanker, Eagle Bulk Shipping, and Star Bulk Carriers.
Currently, the analyst consensus on Golden Ocean Group is a Hold with an average price target of $4.93.
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The company has a one-year high of $6.92 and a one-year low of $2.52. Currently, Golden Ocean Group has an average volume of 350.9K.
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Golden Ocean Group Ltd. engages in the ownership and operation of dry bulk vessels. The company manages Newcastlemax, Capesize, Panamax, and Ultramax vessels and transports bulk commodities, including ores, coal, grains, and fertilizers. It also involves in the charter, purchase, and sale of vessels. The company was founded on September 18, 1996 and is headquartered in Hamilton, Bermuda.
