There’s a lot to be optimistic about in the Conglomerates sector as 1 analysts just weighed in on and Star Bulk Carriers (SBLK) with bullish sentiments.
Star Bulk Carriers (SBLK)
In a report issued on December 7, Joakim Hannisdahl from Cleaves Securities maintained a Buy rating on Star Bulk Carriers, with a price target of $11.00. The company’s shares closed last Monday at $7.65.
According to TipRanks.com, Hannisdahl is a 4-star analyst with an average return of 4.8% and a 61.6% success rate. Hannisdahl covers the Industrial Goods sector, focusing on stocks such as Nordic American Tanker, International Seaways, and Eagle Bulk Shipping.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Star Bulk Carriers with a $11.57 average price target.
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