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Investment analysts at TheStreet started coverage on shares of Ardmore Shipping Corp (NYSE:ASC) in a note issued to investors on Thursday. The firm set a “hold” rating on the stock.

Separately, analysts at Canaccord Genuity initiated coverage on shares of Ardmore Shipping Corp in a research note on Tuesday, July 8th. They set a “buy” rating and a $17.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $17.80.

Ardmore Shipping Corp (NYSE:ASC) traded down 0.24% during mid-day trading on Thursday, hitting $12.60. 5,854 shares of the company’s stock traded hands. Ardmore Shipping Corp has a one year low of $11.32 and a one year high of $15.84. The stock’s 50-day moving average is $12.94 and its 200-day moving average is $13.29. The company’s market cap is $328.9 million.

Ardmore Shipping Corporation provides seaborne transportation of petroleum products and chemicals worldwide to oil majors, national oil companies, oil and chemical traders, and chemical companies.

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