There’s a lot to be optimistic about in the Conglomerates sector as 2 analysts just weighed in on Hoegh LNG Partners (HMLP – Research Report) and BW Offshore (BGSWF – Research Report) with bullish sentiments.
Hoegh LNG Partners (HMLP)
In a report issued on November 19, Petter Haugen from Kepler Capital maintained a Buy rating on Hoegh LNG Partners, with a price target of NOK24.00. The company’s shares closed last Friday at $13.66.
According to TipRanks.com, Haugen is a 3-star analyst with an average return of 5.2% and a 62.9% success rate. Haugen covers the Industrial Goods sector, focusing on stocks such as Deutsche Post, Stolt-Nielsen, and DHT Holdings.
Currently, the analyst consensus on Hoegh LNG Partners is a Moderate Buy with an average price target of $12.50, implying a -7.1% downside from current levels. In a report released yesterday, Barclays also maintained a Buy rating on the stock with a $16.00 price target.
BW Offshore (BGSWF)
In a report issued on November 19, Magnus Olsvik from Kepler Capital maintained a Buy rating on BW Offshore, with a price target of NOK60.00. The company’s shares closed last Monday at $3.55.
According to TipRanks.com, Olsvik is ranked #5806 out of 7100 analysts.
BW Offshore has an analyst consensus of Moderate Buy, with a price target consensus of $6.65.
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