In a report released today, Omar Nokta from Jefferies reiterated a Buy rating on Global Ship Lease (GSL – Research Report), with a price target of $25.00. The company’s shares opened today at $20.30.
Nokta covers the Industrial Goods sector, focusing on stocks such as Frontline, Scorpio Tankers, and ZIM Integrated Shipping Services. According to TipRanks, Nokta has an average return of 26.9% and a 71.43% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Global Ship Lease with a $25.00 average price target.
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GSL market cap is currently $714.4M and has a P/E ratio of 2.52.
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Global Ship Lease, Inc. is a holding company, which owns and charters out containerships under long-term and fixed rate charters to container shipping companies. It also focuses on the operation and technical management of each vessel, such as crewing, provision of lubricating oils, maintaining the vessel, periodic dry docking, and performing work required by regulations. The company was founded on May 3, 2007 and is headquartered in London, the United Kingdom.
Read More on GSL:
- Global Ship Lease Reports Results for the Fourth Quarter of 2022
- Global Ship Lease Announces Fourth Quarter and Full Year 2022 Earnings Release, Conference Call and Webcast
- Global Ship Lease Declares Quarterly Dividend per Common Share for Fourth Quarter of 2022
- Global Ship Lease Announces Result of Reconvened Shareholder Meeting
- Global Ship Lease Announces Further Adjourned 2022 Annual Meeting of Shareholders
