Jefferies Group initiated coverage on shares of GasLog Partners (NYSE:GLOP) in a report released on Monday morning. The brokerage issued a buy rating and a $28.00 price target on the shipping company’s stock.
A number of other research firms have also issued reports on GLOP. BidaskClub raised shares of GasLog Partners from a sell rating to a hold rating in a research report on Monday, September 18th. ValuEngine raised shares of GasLog Partners from a buy rating to a strong-buy rating in a research report on Thursday, September 21st. Zacks Investment Research raised shares of GasLog Partners from a hold rating to a buy rating and set a $26.00 price target for the company in a research report on Thursday, September 28th. Stifel Nicolaus reissued a buy rating and issued a $27.00 price target on shares of GasLog Partners in a research report on Friday, October 13th. Finally, Barclays reduced their price target on shares of GasLog Partners from $26.00 to $25.00 and set an equal weight rating for the company in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $26.40.
Shares of GasLog Partners (NYSE GLOP) opened at $23.60 on Monday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.47 and a current ratio of 1.49. GasLog Partners has a 52 week low of $19.55 and a 52 week high of $25.45. The company has a market cap of $942.30, a PE ratio of 10.84 and a beta of 1.61.
A number of large investors have recently added to or reduced their stakes in GLOP. The Manufacturers Life Insurance Company increased its holdings in GasLog Partners by 5.9% in the second quarter. The Manufacturers Life Insurance Company now owns 5,813 shares of the shipping company’s stock worth $132,000 after buying an additional 323 shares during the last quarter. People s United Financial Inc. acquired a new position in GasLog Partners during the second quarter valued at approximately $227,000. Csenge Advisory Group acquired a new position in GasLog Partners during the third quarter valued at approximately $251,000. Moors & Cabot Inc. grew its holdings in GasLog Partners by 19.4% during the second quarter. Moors & Cabot Inc. now owns 11,482 shares of the shipping company’s stock valued at $259,000 after purchasing an additional 1,868 shares during the last quarter. Finally, Cubist Systematic Strategies LLC grew its holdings in GasLog Partners by 22.3% during the second quarter. Cubist Systematic Strategies LLC now owns 12,935 shares of the shipping company’s stock valued at $293,000 after purchasing an additional 2,362 shares during the last quarter. Hedge funds and other institutional investors own 42.27% of the company’s stock.
TRADEMARK VIOLATION WARNING: “GasLog Partners (GLOP) Now Covered by Analysts at Jefferies Group” was published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this article on another website, it was stolen and republished in violation of US and international trademark & copyright legislation. The correct version of this article can be read at https://www.com-unik.info/2017/12/22/gaslog-partners-glop-now-covered-by-analysts-at-jefferies-group.html.
About GasLog Partners
GasLog Partners LP is a limited partnership company. The Company focuses on owning, operating and acquiring liquefied natural gas (LNG) carriers under multi-year charters. The Company’s fleet consists of 9 LNG carriers with an average carrying capacity of approximately 149,500 cubic meters (cbm), each of which has a multi-year time charter.
Receive News & Ratings for GasLog Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GasLog Partners and related companies with MarketBeat.com's FREE daily email newsletter.