Do Analysts Expect Golden Ocean Group Ltd (GOGL) Stock to Rise After It Has Gained 1.32% in a Month?

Analysts who follow Golden Ocean Group Ltd (GOGL) on average expect it to increase 18.48% over the next twelve months. Those same analysts give the stock an average rating of Hold. That average rating earns GOGL an Analyst Ranking of 5, which means it ranks higher than 5 of stocks, based on data compiled by InvestorsObserver.

Wall Street analysts are rating GOGL a Hold today. Find out what this means to you and get the rest of the rankings on GOGL!

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Why are Analyst Ratings Important?

Fundamental research of the underlying health of a company can be an extremely useful resource when making investment decisions. Analysts observe growth prospects and forecasted earnings of companies to gain a comprehensive view of particular industries. This data allows traders to react before numbers are officially reported. InvestorsObserver takes the ratings from these analysts and percentile ranks those aveages. This allows you to compare stocks extensively and in more detail than the common buy/hold/sell ratings.

What's Happening With Golden Ocean Group Ltd Stock Today?

Golden Ocean Group Ltd (GOGL) stock is trading at $8.44 as of 12:55 PM on Monday, Nov 28, a decline of -$0.38, or -4.37% from the previous closing price of $8.82. The stock has traded between $8.34 and $8.60 so far today. Volume today is less active than usual. So far 1,443,285 shares have traded compared to average volume of 2,598,460 shares. Click Here to get the full Stock Report for Golden Ocean Group Ltd stock.