Cleaves Securities Upgrades Hafnia (HFIAF) to Buy

Hafnia (HFIAFResearch Report) received a Buy rating and a NOK21.00 price target from Cleaves Securities analyst Joakim Hannisdahl on July 28. The company’s shares closed last Monday at $1.60.

According to TipRanks.com, Hannisdahl is a 5-star analyst with an average return of 21.1% and a 59.6% success rate. Hannisdahl covers the Industrial Goods sector, focusing on stocks such as Nordic American Tanker, International Seaways, and Eagle Bulk Shipping.

Hafnia has an analyst consensus of Moderate Buy, with a price target consensus of $2.44.

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Hafnia Ltd is a shipping company. It provides transportation of oil and oil products and also owns and operates oil product tankers. It offers fleet and bunkers services. The group operates through four segments namely LR2 Product Tankers, LR1 Product Tankers, MR Product Tankers, and Handy segment. It generates maximum revenue from the MR Product Tankers segment.