Ardmore Shipping Reaches Analyst Target Price
May 14, 2024 at 06:47 AM EDT
In recent trading, shares of Ardmore Shipping Corp (ASC) have crossed above the average analyst 12-month target price of $21.00, changing hands for $21.12/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..