Analyst Price Target is $32.00
▲ +280.95% Upside Potential
This price target is based on 2 analysts offering 12 month price targets for Grindrod Shipping in the last 3 months. The average price target is $32.00, with a high forecast of $32.00 and a low forecast of $32.00. The average price target represents a 280.95% upside from the last price of $8.40.
Current Consensus is
Hold
The current consensus among 2 polled investment analysts is to hold stock in Grindrod Shipping. This rating has held steady since July 2022, when it changed from a Buy consensus rating.
Grindrod Shipping Holdings Ltd., an international shipping company, owns, charters-in, and operates a fleet of dry bulk carriers and tankers worldwide. It operates a fleet of 32 vessels consisting of 24 owned dry bulk carriers and 7 long-term chartered-in dry bulk carriers that transport a range of bulk and breakbulk commodities, including ores, coal, grains, forestry products, steel products, and fertilizers. The company also operates one owned tanker, which carry petroleum products, such as petrol, diesel, jet fuel, and naptha, as well as heavy fuel oil; and low hazard chemical products comprising liquid bulk vegetable oils. Its customers include shipping companies, trading houses, mining companies, industrial manufacturing companies, and oil companies, as well as traders of grains, steel, and forestry products. The company was founded in 1910 and is based in Singapore. As of December 19, 2022, Grindrod Shipping Holdings Ltd. operates as a subsidiary of Good Falkirk Mi Limited.
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