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

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.

See Insiders’ Hot Stocks on TipRanks >>

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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Read More on GLBS:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More