H.C. Wainwright analyst Magnus Fyhr maintained a Buy rating on Ardmore Shipping (ASC – Research Report) today and set a price target of $8.50. The company's shares closed last Thursday at $5.51, close to its 52-week high of $5.67. According to TipRanks.com, Fyhr is a 4-star analyst with an average return of 9.9% and a 63.8% success rate. Fyhr covers the Industrial Goods sector, focusing on stocks such as Nordic American Tanker, International Seaways, and Performance Shipping. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ardmore Shipping with a $8.50 average price target.
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