Noble Financial analyst Michael Heim maintained a Buy rating on Grindrod Shipping Holdings (GRIN – Research Report) today and set a price target of $31.00. The company’s shares closed yesterday at $23.93.
According to TipRanks, Heim is ranked #102 out of 7950 analysts.
Currently, the analyst consensus on Grindrod Shipping Holdings is a Moderate Buy with an average price target of $31.50, representing a 31.63% upside. In a report released yesterday, Alliance Global Partners also maintained a Buy rating on the stock with a $32.00 price target.
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The company has a one-year high of $28.42 and a one-year low of $11.62. Currently, Grindrod Shipping Holdings has an average volume of 289K.
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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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