Where Does Wall Street Think Golden Ocean Group Ltd (GOGL) Stock Will Go?

Wall Street is positive on Golden Ocean Group Ltd (GOGL). On average, analysts give GOGL a Hold rating. The average price target is $10, which means analysts expect the stock to add by 21.65% over the next twelve months. That average ranking earns GOGL an Analyst Rating of 5, which is better 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 down -1.2% while the S&P 500 is higher by 0.06% as of 1:25 PM on Wednesday, Dec 7. GOGL is down -$0.10 from the previous closing price of $8.32 on volume of 988,469 shares. Over the past year the S&P 500 is lower by -15.86% while GOGL is down -16.29%. GOGL earned $2.97 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 2.76. Click Here to get the full Stock Report for Golden Ocean Group Ltd stock.