Drewry Financial Thinks Star Bulk Carriers’ Stock is Going to Recover

By Austin Angelo

Drewry Financial analyst Victoria Saraglis maintained a Buy rating on Star Bulk Carriers (SBLKResearch Report) on February 22 and set a price target of $14. The company’s shares closed on Friday at $7.82, close to its 52-week low of $6.90.

According to TipRanks.com, Saraglis is ranked #4591 out of 5205 analysts.

Star Bulk Carriers has an analyst consensus of Moderate Buy, with a price target consensus of $11.75.

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The company has a one-year high of $15.38 and a one-year low of $6.90. Currently, Star Bulk Carriers has an average volume of 649.4K.

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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.