Stifel Nicolaus Reiterates Their Hold Rating on Star Bulk Carriers

By Ryan Adsit

Stifel Nicolaus analyst Benjamin Nolan reiterated a Hold rating on Star Bulk Carriers (NASDAQ: SBLK) on October 20 and set a price target of $11. The company’s shares closed on Friday at $10.47.

According to TipRanks.com, Nolan is ranked 0 out of 5 stars with an average return of -4.6% and a 45.9% success rate. Nolan covers the Services sector, focusing on stocks such as Navios Maritime Acquisition, Navios Maritime Partners Lp, and Dynagas LNG Partners LP .

Star Bulk Carriers has an analyst consensus of Moderate Buy, with a price target consensus of $13.

The company has a one-year high of $13.40 and a one-year low of $4.04. Currently, Star Bulk Carriers has an average volume of 570.9K.

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