Kepler Capital Maintains Their Buy Rating on BW Offshore (BGSWF)

By Ryan Adsit

Kepler Capital analyst Kevin Roger maintained a Buy rating on BW Offshore (BGSWFResearch Report) on September 14 and set a price target of NOK62.00. The company’s shares closed last Monday at $3.55.

According to TipRanks.com, Roger is a 2-star analyst with an average return of 0.4% and a 37.0% success rate. Roger covers the Industrial Goods sector, focusing on stocks such as Shelf Drilling, Borr Drilling, and Kvaerner ASA.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for BW Offshore with a $6.88 average price target.

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BW Offshore Ltd is a holding company. It is engaged in developing, owning and operating oil and gas Floating Production, Storage and Offloading vessels (FPSO) and Floating, Storage and Offloading (FSO) vessels. The group’s activities are focused on construction, ownership, and operation of FPSOs and FSOs.