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Noble Financial analyst Poe Fratt maintained a Buy rating on Grindrod Shipping Holdings (GRIN – Research Report) today and set a price target of $31.00. The company’s shares closed last Thursday at $14.03.
According to TipRanks.com, Fratt is a 5-star analyst with an average return of 45.6% and a 53.8% success rate. Fratt covers the Industrial Goods sector, focusing on stocks such as Energy Services of America, Great Lakes Dredge & Dock, and Orion Group Holdings.
Currently, the analyst consensus on Grindrod Shipping Holdings is a Moderate Buy with an average price target of $31.00.
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Grindrod Shipping Holdings’ market cap is currently $269.2M and has a P/E ratio of -39.00. The company has a Price to Book ratio of 1.17.
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Grindrod Shipping Holdings Ltd. engages in the provision of maritime transportation services. It operates through the Drybulk Carriers and Tankers business segments. The Drybulk Carriers business segment transports a range of major and minor bulk and breakbulk commodities with its handysize and supramax vessels. The Tankers business segment owns and charter-in small and medium range tankers used in carrying liquid and petroleum products. The company was founded in 1910 and is headquartered in Singapore.
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