Star Bulk Carriers (SBLK) Gets a Hold Rating from Drewry Financial

By Jason Carr

In a report issued on August 31, Victoria Saraglis from Drewry Financial maintained a Hold rating on Star Bulk Carriers (NASDAQ: SBLK), with a price target of $16.70. The company’s shares closed on Friday at $12.63.

Saraglis said:

“Value and Risk methodology Disclaimer Drewry uses a simple traffic light system to rank companies under coverage according to their value and risk profiles: Value.”

According to TipRanks.com, Saraglis is a 1-star analyst with an average return of -0.2% and a 71.4% success rate. Saraglis covers the Services sector, focusing on stocks such as Golden Ocean Group Limited, Scorpio Bulkers, and Diana Shipping.

Star Bulk Carriers has an analyst consensus of Strong Buy, with a price target consensus of $17.43.

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The company has a one-year high of $14.60 and a one-year low of $8.62. Currently, Star Bulk Carriers has an average volume of 430.1K.

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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.