In a report released on April 11, Peter M. E. Christensen from Cleaves Securities maintained a Hold rating on FLEX LNG (FLNG – Research Report), with a price target of NOK329.00. The company’s shares closed last Friday at $25.44.
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.
The word on The Street in general, suggests a Hold analyst consensus rating for FLEX LNG with a $28.41 average price target.
FLNG market cap is currently $1.34B and has a P/E ratio of 11.44.
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FLEX LNG (FLNG) Company Description:
FLEX LNG Ltd. engages in the operation of carrier vessels. It focuses on the engineering and construction of liquefied natural gas producer units. The company was founded by Philip Eystein Fjeld, Trym Tveitnes and Jostein Ueland in August 2006 and is headquartered in Road Town, British Virgin Islands.
