Cleaves Securities Remains a Buy on Gaslog (GLOG)

By Austin Angelo

In a report issued on October 13, Joakim Hannisdahl from Cleaves Securities maintained a Buy rating on Gaslog (GLOGResearch Report), with a price target of $3.20. The company’s shares closed last Wednesday at $2.77, close to its 52-week low of $2.53.

According to TipRanks.com, Hannisdahl is a 4-star analyst with an average return of 3.5% and a 56.6% success rate. Hannisdahl covers the Industrial Goods sector, focusing on stocks such as Nordic American Tanker, International Seaways, and Eagle Bulk Shipping.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Gaslog with a $4.04 average price target.

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The company has a one-year high of $14.86 and a one-year low of $2.53. Currently, Gaslog has an average volume of 558.3K.

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GasLog Ltd. is engaged in the ownership, operation and management of vessels in the LNG market, providing maritime services for the transportation of LNG and LNG vessel management services. It operates its business through its subsidiary GasLog LNG Services Ltd., which provides vessel management services, including crewing, training, maintenance, regulatory and classification compliance and health, safety, security and environment. The company was founded on July 16, 2003 and is headquartered in Monaco.