GasLog LP. (GLOG) Receives Price Target

GasLog LP. (GLOG) : Average target price received by GasLog LP. (GLOG) is $16.6 with an expected standard deviation of $2.7. The most aggressive target on the stock is $20, whereas the most downbeat target is $13. 5 financial analysts are currently covering the stock.

GasLog LP. (GLOG) : Zacks Investment Research ranks GasLog LP. (GLOG) as 3, which is a Hold recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 6 research analysts is 1.67, which indicates as a Buy.


Also, Citigroup maintains their rating on the shares of GasLog LP. (NYSE:GLOG). The current rating of the shares is Neutral. Equity Analysts at the Firm raises the price target to $15 per share from $13 per share. The rating by the firm was issued on August 5, 2016.

GasLog LP. (NYSE:GLOG): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $13.48 and $13.29 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.76. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.67, notching a gain of 0.51% for the day. The total traded volume was 476,218 . The stock had closed at $13.60 on the previous day.

GasLog Ltd. (GasLog) is a holding company. The Company and its subsidiaries are primarily engaged in the ownership, operation and management of vessels in the Liquefied natural gas (LNG) market. The Company operates in two segments: vessel ownership and vessel management. The Company provides maritime services for the transportation of LNG on a across the world basis and LNG vessel management services. The Company conducts its operations through its vessel-owning subsidiaries and through its vessel management services subsidiary. Its subsidiaries include GasLog Investments Ltd., GasLog Carriers Ltd., GasLog Shipping Company Ltd., GasLog Monaco S.A.M., GAS-one Ltd., GAS-seven Ltd., GAS-twelve Ltd., GAS-twenty one Ltd., GasLog Shipping Limited and Egypt LNG Shipping Ltd., among others. Its wholly owned fleet consists of approximately 20 LNG carriers, including over 11 ships in operation, over seven LNG carriers on order at Samsung and over two LNG carriers on order at Hyundai.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.