The biggest public operator in the dry bulk sector has already seen a bottom in its share price and is set to lead a recovery of the broader market from March.

That’s the latest take on Greece’s Star Bulk Carriers from analysts Chris Robertson and Amit Mehrotra of Deutsche Bank, who recently spent time with Star management and are maintaining a “buy” rating with a $33 price target.

Bouncing off lows

Star closed trading at $20.80 on Friday and did not trade on Monday with US markets closed for the Martin Luther King bank holiday.