▼ -37.40% Downside Potential
This price target is based on 3 analysts offering 12 month price targets for Safe Bulkers in the last 3 months. The average price target is $2.67, with a high forecast of $3.50 and a low forecast of $1.50. The average price target represents a -37.40% upside from the last price of $4.26.
The current consensus among 3 investment analysts is to buy stock in Safe Bulkers. This rating has held steady since February 2021, when it changed from a Hold 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 15, 2021, the company had a fleet of 43 drybulk vessels having an average age of 10.3 years; and an aggregate carrying capacity of 3,937,000 deadweight tons. Its fleet consisted of 15 Panamax class vessels, 10 Kamsarmax class vessels, 14 post- Panamax class vessels, and four Capesize class vessels. The company was incorporated in 2007 and is based in Monaco.