Maxim Group Sticks to Its Buy Rating for Safe Bulkers

In a report issued on November 17, James Jang from Maxim Group reiterated a Buy rating on Safe Bulkers (NYSE: SB), with a price target of $5. The company’s shares closed on Friday at $3.26.

According to TipRanks.com, Jang is a 2-star analyst with an average return of 1.5% and a 37.5% success rate. Jang covers the Services sector, focusing on stocks such as Dynagas LNG Partners LP , Nordic American Tanker, and Eagle Bulk Shipping.

Safe Bulkers has an analyst consensus of Moderate Buy, with a price target consensus of $3.42.

The company has a one-year high of $3.79 and a one-year low of $1.09. Currently, Safe Bulkers has an average volume of 596.9K.

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Safe Bulkers, Inc. operates as a holding company, which engages through its subsidiaries in marine transportation services. The company provides marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along worldwide shipping routes for some of the users of such services.