Diana Shipping Inc (DSX) Gets a Buy Rating from Drewry Financial

Drewry Financial analyst Kanikka Sachdeva maintained a Buy rating on Diana Shipping Inc (DSXResearch Report) yesterday and set a price target of $4. The company’s shares closed yesterday at $2.98.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Diana Shipping Inc with a $4 average price target.

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Diana Shipping Inc’s market cap is currently $302.8M and has a P/E ratio of 18.34. The company has a Price to Book ratio of 0.49.

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Diana Shipping, Inc. operates as a holding company, which engages in the provision of shipping transportation services through the ownership and operation of dry bulk vessels. Its vessels are being employed primarily on medium to long-term time charters and transport a range of dry bulk cargoes, including such commodities as iron ore, coal, grain, and other materials along worldwide shipping routes. The company was founded on March 8, 1999 and is headquartered in Athens, Greece.