Evercore Partners Upgrades Knightsbridge Tankers to “Equal Weight” (VLCCF)
Knightsbridge Tankers (NASDAQ:VLCCF) was upgraded by equities research analysts at Evercore Partners from an “underweight” rating to an “equal weight” rating in a research note issued to investors on Friday, TheFlyOnTheWall.com reports.
A number of other firms have also recently commented on VLCCF. Analysts at Iberia Capital upgraded shares of Knightsbridge Tankers from a “sector perform” rating to an “outperform” rating in a research note to investors on Tuesday, August 27th. Analysts at Zacks upgraded shares of Knightsbridge Tankers from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, August 21st. They now have a $8.60 price target on the stock.
Knightsbridge Tankers (NASDAQ:VLCCF) traded up 3.55% on Friday, hitting $8.75. 609,034 shares of the company’s stock traded hands. Knightsbridge Tankers has a 1-year low of $4.94 and a 1-year high of $9.97. The stock’s 50-day moving average is $8.33 and its 200-day moving average is $7.48. The company’s market cap is $214.1 million.
Knightsbridge Tankers Limited is engaged in the seaborne transportation of crude oil and dry bulk cargoes.
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