DNB Markets has raised its rating on Dorian LPG following a fall in its share price this year.
Analysts led by Nicolay Dyvik have upgraded the New York-listed LPG specialist from hold to buy.
They explain that with Dorian’s stock down by 29% since the end of January it is attractively valued “ahead of what could be a new LPG up-cycle starting in 2018”.
Dorian shares were priced at $8.95 each at the time of writing, up marginally today but off the intraday high of $9.08 each.
This compares with the 52-week-high of $12.50 and a low of $5.07 per share.
