Global Ship Lease (GSL) Receives a New Rating from Jefferies

In a report released today, Randy Giveans from Jefferies initiated coverage with a Buy rating on Global Ship Lease (GSL) and a price target of $18.00. The company’s shares closed last Friday at $14.25.

According to, Giveans is a 3-star analyst with an average return of 5.7% and a 48.8% success rate. Giveans covers the Industrial Goods sector, focusing on stocks such as Navios Maritime Partners, Nordic American Tanker, and International Seaways.

Currently, the analyst consensus on Global Ship Lease is a Moderate Buy with an average price target of $19.00.

See today’s analyst top recommended stocks >>

The company has a one-year high of $17.69 and a one-year low of $2.61. Currently, Global Ship Lease has an average volume of 292.5K.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Global Ship Lease, Inc. is a holding company, which owns and charters out containerships under long-term and fixed rate charters to container shipping companies. It also focuses on the operation and technical management of each vessel, such as crewing, provision of lubricating oils, maintaining the vessel, periodic dry docking, and performing work required by regulations. The company was founded on May 3, 2007 and is headquartered in London, the United Kingdom.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts