Golden Ocean Group (GOGL) Stock Rating Upgraded by Clarkson Capital
Clarkson Capital upgraded shares of Golden Ocean Group (NASDAQ:GOGL) from a neutral rating to a buy rating in a research note published on Monday, The Fly reports.
A number of other analysts also recently commented on GOGL. BidaskClub downgraded shares of Golden Ocean Group from a hold rating to a sell rating in a report on Friday, February 2nd. Morgan Stanley downgraded shares of Golden Ocean Group from an overweight rating to an equal weight rating and set a $10.00 price objective on the stock. in a report on Monday. Finally, Zacks Investment Research downgraded shares of Golden Ocean Group from a buy rating to a hold rating in a report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $11.00.
Shares of Golden Ocean Group (NASDAQ GOGL) opened at $8.68 on Monday. The company has a market cap of $1,179.96, a PE ratio of -41.33 and a beta of 2.15. Golden Ocean Group has a fifty-two week low of $5.43 and a fifty-two week high of $9.95. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.94.
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About Golden Ocean Group
Golden Ocean Group Limited, formerly Knightsbridge Shipping Limited, is an international dry bulk shipping company. The Company is engaged in the transportation of dry bulk cargoes. It owns and operates a fleet of dry bulk carrier vessels, focusing on the Capesize, Panamax and Supramax markets. Its vessels transport a range of major and minor bulk commodities, including ores, coal, grains and fertilizers.
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