Euroseas (ESEA) Receives a Buy from Maxim Group

In a report released on September 8, Tate Sullivan from Maxim Group reiterated a Buy rating on Euroseas (ESEAResearch Report), with a price target of $54.00. The company’s shares closed last Friday at $24.00.

Sullivan covers the Industrial Goods sector, focusing on stocks such as Seanergy Maritime, Euroseas, and Globus Maritime. According to TipRanks, Sullivan has an average return of 14.7% and a 39.66% success rate on recommended stocks.

Euroseas has an analyst consensus of Strong Buy, with a price target consensus of $51.00.

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The company has a one-year high of $37.71 and a one-year low of $19.93. Currently, Euroseas has an average volume of 53.53K.

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Euroseas Ltd. is a holding company, which engages in the provision of ocean-going transportation services. It operates containerships that transport dry and refrigerated containerized cargoes, mainly including manufactured products, and perishables. The firm also owns drybulk carriers that transport major bulks such as iron ore, coal and grains, and minor bulks such as bauxite, phosphate and fertilizers. The company was founded on May 5, 2005 and is headquartered in Athens, Greece.

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