In a report released on January 1, Andrew Lee, CFA from Jefferies maintained a Buy rating on Pacific Basin Shipping (PCFBF – Research Report), with a price target of HK$2.90. The company’s shares closed last Tuesday at $0.33.
Lee, CFA covers the Industrials sector, focusing on stocks such as COSCO SHIPPING Holdings Co, Orient Overseas (International), and Cathay Pacific Airways. According to TipRanks, Lee, CFA has an average return of -3.8% and a 20.00% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Pacific Basin Shipping with a $0.33 average price target.
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The company has a one-year high of $0.45 and a one-year low of $0.24. Currently, Pacific Basin Shipping has an average volume of 3,577.
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Pacific Basin Shipping (PCFBF) Company Description:
Pacific Basin Shipping Ltd. is an investment holding company, which engages in the ownership and international operation of dry bulk ships Handysize and Supramax dry bulk ships. It caters industrial users, traders, and produces of dry bulk commodities under spot and long-term contracts. The company was founded in 1987 and is headquartered in Hong Kong.
