NASDAQ:GRIN - Grindrod Shipping Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $29.67
  • Forecasted Upside: 61.94 %
  • Number of Analysts: 3
  • Breakdown:
  • 0 Sell Ratings
  • 0 Hold Ratings
  • 3 Buy Ratings
  • 0 Strong Buy Ratings
$18.32
▼ -0.28 (-1.51%)

This chart shows the closing price for GRIN by one month, three months, or twelve months.

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Analyst Price Target for GRIN

Analyst Price Target is $29.67
▲ +61.94% Upside Potential
This price target is based on 3 analysts offering 12 month price targets for Grindrod Shipping in the last 3 months. The average price target is $29.67, with a high forecast of $32.00 and a low forecast of $26.00. The average price target represents a 61.94% upside from the last price of $18.32.

This chart shows the closing price for GRIN for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Buy

The current consensus among 3 contributing investment analysts is to buy stock in Grindrod Shipping.

Past Monthly Recommendations

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  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
2/14/2021
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
5/15/2021
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
8/13/2021
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
11/11/2021
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
2/9/2022
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
5/10/2022
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
7/9/2022
  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings
8/8/2022

Latest Recommendations

  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
8/3/2022Alliance Global PartnersInitiated CoverageBuy$32.00Low
4/27/2022Jefferies Financial GroupInitiated CoverageBuy ➝ Buy$26.00High
10/28/2021Jefferies Financial GroupInitiated CoverageBuy$20.00Medium
10/15/2021Noble FinancialReiterated RatingBuy$31.00Low
9/7/2021Noble FinancialReiterated RatingBuy$27.00High
2/16/2020Noble FinancialReiterated RatingBuy$11.55Medium
1/9/2020CitigroupInitiated CoverageOutperform$11.55Low
(Data available from 8/9/2017 forward)

News Sentiment Rating

0.28 (Hold)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

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  • 3 very positive mentions
  • 3 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
1/11/2022
  • 0 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
2/10/2022
  • 6 very positive mentions
  • 2 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
3/12/2022
  • 0 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
4/11/2022
  • 3 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 1 very negative mentions
5/11/2022
  • 3 very positive mentions
  • 9 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
6/10/2022
  • 1 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
7/10/2022
  • 1 very positive mentions
  • 3 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
8/9/2022

Current Sentiment

  • 1 very positive mentions
  • 3 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Grindrod Shipping logo
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.
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Today's Range

Now: $18.32
Low: $18.20
High: $18.62

50 Day Range

MA: $19.03
Low: $15.05
High: $27.31

52 Week Range

Now: $18.32
Low: $11.01
High: $28.98

Volume

980 shs

Average Volume

171,628 shs

Market Capitalization

$352.66 million

P/E Ratio

2.48

Dividend Yield

10.58%

Beta

0.95

Frequently Asked Questions

What sell-side analysts currently cover shares of Grindrod Shipping?

The following Wall Street analysts have issued reports on Grindrod Shipping in the last twelve months: Alliance Global Partners, Jefferies Financial Group Inc., Noble Financial, and TheStreet.
View the latest analyst ratings for GRIN.

What is the current price target for Grindrod Shipping?

3 Wall Street analysts have set twelve-month price targets for Grindrod Shipping in the last year. Their average twelve-month price target is $29.67, suggesting a possible upside of 61.9%. Alliance Global Partners has the highest price target set, predicting GRIN will reach $32.00 in the next twelve months. Jefferies Financial Group Inc. has the lowest price target set, forecasting a price of $26.00 for Grindrod Shipping in the next year.
View the latest price targets for GRIN.

What is the current consensus analyst rating for Grindrod Shipping?

Grindrod Shipping currently has 3 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe GRIN will outperform the market and that investors should add to their positions of Grindrod Shipping.
View the latest ratings for GRIN.

What other companies compete with Grindrod Shipping?

How do I contact Grindrod Shipping's investor relations team?

Grindrod Shipping's physical mailing address is NO. 03-01 SOUTHPOINT 200 CANTONMENT ROAD, SINGAPORE U0, 089763. The company's listed phone number is 65-6632-1315. The official website for Grindrod Shipping is www.grinshipping.com. Learn More about contacing Grindrod Shipping investor relations.