GasLog (NYSE:GLOG) Receives a Downgrade
Wells Fargo lowered the rating for shares of GasLog (NYSE:GLOG) to a”Market Perform” from a “Outperform”. This rating change was issued in a note earlier today.
From a total of 13 analysts covering GasLog (NYSE:GLOG) stock, 14 rate it a ”Buy”, 0 a “Sell”, and 2 a ”Hold”. This means that 88% of the ratings are positive. The highest target price is $30 while the lowest target price is $13. The mean of all analyst targets is $19.34 with a 123.65% above today’s ($7.78) stock price. GasLog was the topic of 7 analyst reports since August 7, 2015 according to the firm StockzIntelligence Inc. ABN Amro upgraded shares on September 4 to “Buy” rating.
Approximately 1.45M shares of stock traded hands or 111.44% up from the average. GasLog Ltd (NYSE:GLOG) has declined 55.98% since May 14, 2015 and is downtrending. It has underperformed by 53.72% the S&P500.
GasLog Ltd. is a holding company. The company has a market cap of $712.77 million. The Firm and its subsidiaries are primarily engaged in the ownership, operation and management of vessels in the Liquefied natural gas (LNG) market. It has 67.63 P/E ratio. The Firm operates in two divisions: vessel ownership and vessel management.
According to Zacks Investment Research, “GasLog Ltd. is an owner, operator and manager of liquefied natural gas carriers. The Company operates in two segments: vessel ownership and vessel management. The vessel ownership segment consists of chartering out company-owned LNG carriers and the vessel management segment consists of providing LNG carrier technical management services, LNG carrier construction supervision services and other vessel management services. GasLog Ltd. is based in Monaco.”