Noble Financial Maintains Their Buy Rating on Grindrod Shipping Holdings (GRIN)


In a report released today, Poe Fratt from Noble Financial maintained a Buy rating on Grindrod Shipping Holdings (GRIN), with a price target of $8.00. The company’s shares closed last Friday at $4.09.

According to TipRanks.com, Fratt ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -13.9% and a 32.9% success rate. Fratt covers the Industrial Goods sector, focusing on stocks such as Energy Services of America, Great Lakes Dredge & Dock, and Orion Group Holdings.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Grindrod Shipping Holdings with a $8.00 average price target.

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The company has a one-year high of $7.97 and a one-year low of $2.03. Currently, Grindrod Shipping Holdings has an average volume of 73.86K.

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Grindrod Shipping Holdings Ltd. engages in the provision of maritime transportation services. It operates through the Drybulk Carriers and Tankers business segments. The Drybulk Carriers business segment transports a range of major and minor bulk and breakbulk commodities with its handysize and supramax vessels. The Tankers business segment owns and charter-in small and medium range tankers used in carrying liquid and petroleum products. The company was founded in 1910 and is headquartered in Singapore.

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