In a report released today, Poe Fratt from Noble Financial maintained a Buy rating on Euroseas (ESEA), with a price target of $15.75. The company’s shares closed last Wednesday at $10.42, close to its 52-week high of $11.99.
According to TipRanks.com, Fratt is a 5-star analyst with an average return of 42.9% and a 58.6% 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 Euroseas with a $15.88 average price target.
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The company has a one-year high of $11.99 and a one-year low of $1.45. Currently, Euroseas has an average volume of 68.86K.
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Euroseas Ltd. is a holding company, which engages in the provision of ocean-going transportation services. It operates containerships that transport dry and refrigerated containerized cargoes, mainly including manufactured products, and perishables. The firm also owns drybulk carriers that transport major bulks such as iron ore, coal and grains, and minor bulks such as bauxite, phosphate and fertilizers. The company was founded on May 5, 2005 and is headquartered in Athens, Greece.
