The US investment bank now has a ‘buy’ recommendation on the stock and an $8 share price target on the US-listed tanker company.
Analysts Jonathan Chappell and Darren Hicks said recent stock market volatility has created an “intriguing entry point” with the stock now trading at a “material discount to its net asset value (NAV).”
They say the stock is now trading at a 14% discount to their year-end 2014 NAV estimate of $6.98,
