GasLog (NYSE:GLOG) was downgraded by equities researchers at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a research report issued to clients and investors on Monday, Marketbeat.com reports. They presently have a $20.00 target price on the shipping company’s stock. Morgan Stanley’s price target would suggest a potential upside of 7.24% from the stock’s current price. The analysts noted that the move was a valuation call.
GLOG has been the topic of a number of other research reports. Stifel Nicolaus reissued a “buy” rating and set a $19.00 target price on shares of GasLog in a research report on Friday, November 3rd. Jefferies Group started coverage on shares of GasLog in a research report on Monday, December 18th. They set a “buy” rating and a $20.00 target price on the stock. Finally, Zacks Investment Research raised shares of GasLog from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $19.73.
GasLog (NYSE GLOG) traded up $0.20 during mid-day trading on Monday, reaching $18.65. 515,913 shares of the company traded hands, compared to its average volume of 451,357. The stock has a market cap of $1,500.00, a P/E ratio of 53.29 and a beta of 1.14. GasLog has a 52 week low of $12.75 and a 52 week high of $22.55. The company has a quick ratio of 1.41, a current ratio of 1.45 and a debt-to-equity ratio of 1.48.
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GasLog Company Profile
GasLog Ltd. is an international owner, operator and manager of liquefied natural gas (LNG) carriers. The Company provides support to international energy companies as part of their LNG logistics chain. The Company’s owned consolidated fleet consists of 27 LNG carriers, including 22 ships in operation and five LNG carriers on order.
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