Drewry Financial Reiterates a Buy Rating on Star Bulk Carriers

By Jason Carr

Drewry Financial analyst Gautam Khurana reiterated a Buy rating on Star Bulk Carriers (NASDAQ: SBLK) on April 6 and set a price target of $15.50. The company’s shares closed on Friday at $10.82.

Star Bulk Carriers has an analyst consensus of Moderate Buy, with a price target consensus of $16.

The company has a one-year high of $13.40 and a one-year low of $7.57. Currently, Star Bulk Carriers has an average volume of 394.7K.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Star Bulk Carriers Corp. is a holding company, which engages in the provision of seaborne transportation solutions in the dry bulk sector. It ships iron ore, coal and grain, bauxite, fertilizers, and steel products. The company was founded by Petros Alexandros Pappas on December 13, 2006 and is headquartered in Athens, Greece.