Safe Bulkers, Inc. (NYSE:SB) price target upped to $1.75, released a ratings update earlier today by Zacks Investment Research
- Updated: November 26, 2016
Yesterday Safe Bulkers, Inc. (NYSE:SB) traded 0.00% even at $1.59. Safe Bulkers, Inc.’s 50-day moving average is $1.43 and its two hundred day average is $1.27. With the last close up 21.30% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.03% over the same period. Trade Volume was down over the average, with 84,108 shares of SB changing hands under the typical 212,984
Zacks Investment Research bumped up the target price of Safe Bulkers, Inc. (NYSE:SB) to $1.75 indicating a possible upside of 0.10%.
Recent Performance Chart
Safe Bulkers, Inc. has with a one year low of $0.30 and a one year high of $2.38 and has a total market value of $0.
More About Safe Bulkers, Inc. (NYSE:SB)
Safe Bulkers, Inc. (Safe Bulkers) is a holding company. The Company's primary business is the acquisition, ownership and operation of drybulk vessels. The Company is an international provider of marine drybulk transportation services, transporting bulk cargoes, primarily coal, grain and iron ore, along across the world shipping routes. The Company's fleet consists of 37 drybulk vessels, of which 14 are Panamax class vessels, eight are Kamsarmax class vessels, 12 are Post-Panamax class vessels and three are Capesize class vessels, with an aggregate carrying capacity of approximately 3.3 million deadweight tons and an average age of approximately 6.1 years. The Company deploys its vessels on a mix of period time and spot time charters. It has approximately 45 subsidiaries, which are incorporated in Liberia and in the Republic of the Marshall Islands.
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