Analyst Rating Update on DHT Holdings (DHT)

DHT Holdings (NYSE:DHT) : 3 brokerage houses believe that DHT Holdings (NYSE:DHT) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on DHT Holdings (NYSE:DHT). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 6 Wall Street Analysts endorse the stock as a Buy with a rating of 1.75.

DHT Holdings (NYSE:DHT) : 5 Wall Street analysts covering DHT Holdings (NYSE:DHT) believe that the average level the stock could reach for the short term is $8.4. The maximum price target given is $10 and the minimum target for short term is around $8, hence the standard deviation is calculated at $0.96.

For the current week, the company shares have a recommendation consensus of Buy. Also, In the latest statement by the brokerage house, Seaport Global assumes its outlook on DHT Holdings (NYSE:DHT). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm announces the price target at $8.5 per share. The rating by the firm was issued on May 4, 2016.

DHT Holdings (NYSE:DHT): stock turned positive on Tuesday. Though the stock opened at $5.1, the bulls momentum made the stock top out at $5.15 level for the day. The stock recorded a low of $5 and closed the trading day at $5.02, in the green by 1.01%. The total traded volume for the day was 2,569,260. The stock had closed at $4.97 in the previous days trading.

DHT Holdings, Inc. (DHT) is engaged in the ownership and operation of a fleet of crude oil carriers. The Companys fleet consists of eighteen crude oil tankers in operation, of which all are wholly owned by the Company. The fleet in operation consists of 14 very large crude carriers (VLCCs), which are tankers ranging in size from 200,000 to 320,000 deadweight tons (dwt); two Suezmax tankers (Suezmaxes), which are tankers ranging in size from 130,000 to 170,000 dwt, and two Aframax tankers (Aframaxes), which are tankers ranging in size from 80,000 to 120,000 dwt. Nine of its eighteen vessels in operation are on charters for periods of up to six and half years, of which eight vessels are on fixed rate charter and one vessel is on a charter with earnings related to an index.

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