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Knightsbridge Tankers Limited (NASDAQ:VLCCF) was upgraded by stock analysts at Canaccord Genuity from a “hold” rating to a “buy” rating in a report issued on Friday.

VLCCF has been the subject of a number of other recent research reports. Analysts at Evercore Partners cut their price target on shares of Knightsbridge Tankers Limited from $16.00 to $15.00 in a research note on Wednesday, July 23rd. Analysts at TheStreet upgraded shares of Knightsbridge Tankers Limited from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. They now have a $10.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Knightsbridge Tankers Limited presently has a consensus rating of “Buy” and a consensus price target of $13.80.

Shares of Knightsbridge Tankers Limited (NASDAQ:VLCCF) traded up 7.97% during mid-day trading on Friday, hitting $11.24. 799,641 shares of the company’s stock traded hands. Knightsbridge Tankers Limited has a one year low of $7.21 and a one year high of $16.32. The stock’s 50-day moving average is $12.94 and its 200-day moving average is $12.53. The company has a market cap of $551.9 million and a price-to-earnings ratio of 20.49.

Knightsbridge Tankers Limited is an international shipping company specializing in the transportation of dry bulk cargoes.

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