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Do Analysts Agree Thursday on Ardmore Shipping Corp (ASC) Stock's Target Price?

Thursday, May 26, 2022 01:34 PM | InvestorsObserver Analysts

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Do Analysts Agree Thursday on Ardmore Shipping Corp (ASC) Stock's Target Price?

Wall Street is positive on Ardmore Shipping Corp (ASC). On average, analysts give Ardmore Shipping Corp a Strong Buy rating. The average price target is $8.333, which means analysts expect the stock to increase by 11.40% over the next twelve months. That average ranking earns Ardmore Shipping Corp an Analyst Rating of 72, which is better than 72% of stocks based on data compiled by InvestorsObserver.

Overall Score - 5
Wall Street analysts are rating ASC a Strong Buy today. Find out what this means to you and get the rest of the rankings on ASC!

Why are Analyst Ratings Important?

Analytical research by professionals can be extremely useful when making investment decisions in the stock market. Analysts are able to observe industries in detail and learn how geographical impacts can affect a company's balance sheet. This information allows investors to make decisions ahead of the curve. InvestorsObserver combines the ratings from these analysts and proceeds to percentile rank them. This grants you the ability to compare stocks in a comprehensive fashion as oppossed to a standard buy/hold/sell rating.

What's Happening With Ardmore Shipping Corp Stock Today?

Ardmore Shipping Corp (ASC) stock is lower by -3.98% while the S&P 500 has risen 2.09% as of 1:30 PM on Thursday, May 26. ASC is lower by -$0.31 from the previous closing price of $7.79 on volume of 576,440 shares. Over the past year the S&P 500 is down -3.19% while ASC has risen 68.09%. ASC lost -$1.12 per share the over the last 12 months. Click Here to get the full Stock Report for Ardmore Shipping Corp stock.

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