Drewry Financial Thinks Golden Ocean Group Limited’s Stock is Going to Recover

Drewry Financial analyst Victoria Saraglis maintained a Buy rating on Golden Ocean Group Limited (GOGLResearch Report) on February 22 and set a price target of $8.30. The company’s shares closed on Friday at $5.31, close to its 52-week low of $4.96.

According to TipRanks.com, Saraglis is ranked 0 out of 5 stars with an average return of -18.8% and a 28.6% success rate. Saraglis covers the Services sector, focusing on stocks such as Diana Shipping Inc, Star Bulk Carriers, and Navigator Holdings.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Golden Ocean Group Limited with a $8.30 average price target.

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The company has a one-year high of $10.05 and a one-year low of $4.96. Currently, Golden Ocean Group Limited has an average volume of 201K.

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Golden Ocean Group Ltd. is engaged in the management and operation of dry bulk shipping services. The company owns and operates a fleet of dry bulk vessels, comprising of newcastlemaxes, capesizes, kamsarmaxes, panamaxes and supramaxes. Its fleet includes bareboat, chartered and commercial management vessels.