Deutsche Bank analyst Amit Mehrotra maintained a Buy rating on Global Ship Lease (GSL – Research Report) yesterday and set a price target of $25.00. The company’s shares opened today at $18.50.
Mehrotra covers the Industrial Goods sector, focusing on stocks such as Old Dominion Freight, Frontline, and Global Ship Lease. According to TipRanks, Mehrotra has an average return of 5.5% and a 53.37% success rate on recommended stocks.
Global Ship Lease has an analyst consensus of Moderate Buy, with a price target consensus of $25.00, which is a 35.14% upside from current levels. In a report released yesterday, Jefferies also reiterated a Buy rating on the stock with a $25.00 price target.
See Insiders’ Hot Stocks on TipRanks >>
GSL market cap is currently $667.6M and has a P/E ratio of 2.40.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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:
