TipRanksStock Market NewsGLBS NewsGlobus Maritime (GLBS) Gets a Buy Rating from Maxim Group

Globus Maritime (GLBS) Gets a Buy Rating from Maxim Group

In a report released yesterday, Tate Sullivan from Maxim Group maintained a Buy rating on Globus Maritime (GLBSResearch Report), with a price target of $6.25. The company’s shares closed last Tuesday at $2.43.

According to TipRanks.com, Sullivan is a 5-star analyst with an average return of 19.2% and a 48.6% success rate. Sullivan covers the Industrial Goods sector, focusing on stocks such as Natural Gas Services Group, Ceco Environmental, and Seanergy Maritime.

Currently, the analyst consensus on Globus Maritime is a Moderate Buy with an average price target of $6.25.

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Based on Globus Maritime’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $18.63 million and net profit of $10.16 million. In comparison, last year the company earned revenue of $3.98 million and had a GAAP net loss of $2.91 million.

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Globus Maritime Ltd. is a dry bulk shipping holding company. It engages in the provision of marine transportation services. The company operates through its subsidiaries and it owns, operates, and manages a fleet of dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina, and other dry bulk cargoes on a worldwide basis. Globus Maritime was founded by Athanasios Georgios Feidakis and Georgios Karageorgiou on July 26, 2006 and is headquartered in Athens, Greece.

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