DNB has cut the share price targets for BW LPG and Avance Gas after a plunge in VLGC rates.
The Oslo-based bank lowered BW LPG’s target price to NOK 204 ($19.50) from NOK 212.
The Avance Gas target was set to NOK 163 compared with NOK 177 previously.
DNB has cut its near-term rate estimates after the recent decline but said there is potential for an upswing.
