GasLog Partners Hits New 12-Month High at $37.39 (GLOP)
GasLog Partners (NASDAQ:GLOP) shares reached a new 52-week high on Tuesday , American Banking and Market News reports. The company traded as high as $37.39 and last traded at $36.75, with a volume of 81,359 shares trading hands. The stock had previously closed at $36.39.
A number of analysts have recently weighed in on GLOP shares. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of GasLog Partners in a research note on Wednesday, June 25th. They now have a $38.00 price target on the stock, up previously from $30.00. Separately, analysts at Morgan Stanley initiated coverage on shares of GasLog Partners in a research note on Monday, June 2nd. They set an “overweight” rating and a $32.00 price target on the stock. Finally, analysts at Evercore Partners initiated coverage on shares of GasLog Partners in a research note on Monday, June 2nd. They set an “overweight” rating and a $33.00 price target on the stock. Six equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average price target of $33.40.
The stock has a 50-day moving average of $29.72 and a 200-day moving average of $29.46. The company has a market cap of $362.5 million and a price-to-earnings ratio of 0.05.
GasLog Partners LP is a limited partnership. The Company is formed to own, operate and acquire liquefied natural gas (NASDAQ:GLOP), carriers engaged in LNG transportation under long-term charters.
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