Noble Financial Maintains Their Hold Rating on Seanergy Maritime (SHIP)


Noble Financial analyst Poe Fratt maintained a Hold rating on Seanergy Maritime (SHIP) on March 25. The company’s shares closed last Thursday at $1.06, close to its 52-week low of $0.39.

According to TipRanks.com, Fratt is a 5-star analyst with an average return of 40.8% and a 57.6% success rate. Fratt covers the Industrial Goods sector, focusing on stocks such as Energy Services of America, Grindrod Shipping Holdings, and Great Lakes Dredge & Dock.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Seanergy Maritime with a $1.50 average price target, a 38.9% upside from current levels. In a report issued on March 24, Maxim Group also maintained a Hold rating on the stock.

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Seanergy Maritime’s market cap is currently $162.3M and has a P/E ratio of 0.10. The company has a Price to Book ratio of 0.56.

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Seanergy Maritime Holdings Corp. is a shipping company, which engages in the seaborne transportation of dry bulk commodities. It focuses on owning and management of fleet of Capesize bulk carriers. The company was founded on January 4, 2008 and is headquartered in Athens, Greece.

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