$1.66
▼ -39.55% Downside Potential
This price target is based on 4 analysts offering 12 month price targets for Safe Bulkers in the last 3 months. The average price target is $1.66, with a high forecast of $3.00 and a low forecast of $0.40. The average price target represents a -39.55% upside from the last price of $2.75.
The current consensus among 4 contributing investment analysts is to hold stock in Safe Bulkers. This rating has held steady since July 2020, when it changed from a Sell consensus rating.
Safe Bulkers, Inc. provides marine drybulk transportation services. It owns and operates drybulk vessels for transporting bulk cargoes primarily coal, grain, and iron ore. As of March 13, 2020, the company had a fleet of 41 drybulk vessels having an average age of 9.5 years; and an aggregate carrying capacity of 3,777,000 deadweight tons. Its fleet consisted of 14 Panamax class vessels, 10 Kamsarmax class vessels, 13 post- Panamax class vessels, and 4 Capesize class vessels. The company was founded in 2007 and is based in Monaco.
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