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Safe Bulkers (SB) Gets a Buy from Cleaves Securities
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Safe Bulkers (SB) Gets a Buy from Cleaves Securities

Cleaves Securities analyst Peter M. E. Christensen maintained a Buy rating on Safe Bulkers (SBResearch Report) on April 11 and set a price target of $5.80. The company’s shares closed last Friday at $4.71.

M. E. Christensen covers the Industrials sector, focusing on stocks such as Safe Bulkers, Star Bulk Carriers, and Golden Ocean Group. According to TipRanks, M. E. Christensen has an average return of 32.9% and a 72.44% success rate on recommended stocks.

Currently, the analyst consensus on Safe Bulkers is a Moderate Buy with an average price target of $5.90.

The company has a one-year high of $5.15 and a one-year low of $2.90. Currently, Safe Bulkers has an average volume of 859.2K.

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Safe Bulkers (SB) Company Description:

Safe Bulkers, Inc. is a holding company, which engages in the ownership and operation of dry bulk vessels. It also offers marine dry bulk transportation services, transporting bulk cargoes, particularly coal, grain, and iron ore. Its fleet include Panamax, Kamsarmax, Post-Panamax, and Capesize class vessels. The company was founded on December 11, 2007 and is headquartered in Athens, Greece.

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