Clarksons Securities expects big rises in Scorpio Tankers’ net asset value (NAV) in the next two years as product carrier markets prosper.

Fresh from updating the market on rising spot rates, it said the owner should see “exceptional” cash flow levels continue in the near term.

Turner Holm, head of research at Clarksons Securities, and analyst Jacob Stolt-Nielsen have raised the stock’s target price in New York to $75 per share to reflect a likely higher NAV this year.