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 TipRanks.com, 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.
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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.
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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.
