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 closed today at $18.55.
According to TipRanks, Nokta is a 4-star analyst with an average return of 10.2% and a 48.74% success rate. Nokta covers the Industrial Goods sector, focusing on stocks such as Frontline, International Seaways, and DHT Holdings.
Global Ship Lease has an analyst consensus of Moderate Buy, with a price target consensus of $25.00.
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The company has a one-year high of $22.38 and a one-year low of $13.75. Currently, Global Ship Lease has an average volume of 635.6K.
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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 First Quarter of 2023
- GSL Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Global Ship Lease Announces First Quarter 2023 Earnings Release, Conference Call and Webcast
- Global Ship Lease Files its Annual Report for 2022 on Form 20-F
- Global Ship Lease Declares Quarterly Dividend on its 8.75% Series B Cumulative Redeemable Perpetual Preferred Shares
