Golden Ocean Group Limited Receives a Buy from Drewry Financial

By Austin Angelo

In a report issued on June 14, Victoria Saraglis from Drewry Financial maintained a Buy rating on Golden Ocean Group Limited (NASDAQ: GOGL), with a price target of $11.50. The company’s shares closed on Friday at $9.19.

According to TipRanks.com, Saraglis is a 2-star analyst with an average return of 8.4% and a 50.0% success rate. Saraglis covers the Services sector, focusing on stocks such as Star Bulk Carriers, Navigator Holdings, and Scorpio Bulkers.

Golden Ocean Group Limited has an analyst consensus of Moderate Buy, with a price target consensus of $10.50.

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The company has a one-year high of $9.95 and a one-year low of $5.82. Currently, Golden Ocean Group Limited has an average volume of 173.5K.

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Golden Ocean Group Ltd. is engaged in the management and operation of dry bulk shipping services. The company owns and operates a fleet of dry bulk vessels, comprising of newcastlemaxes, capesizes, kamsarmaxes, panamaxes and supramaxes. Its fleet includes bareboat, chartered and commercial management vessels.