Global Ship Lease Inc (NYSE:GSL) has received an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Analysts have set a 12 month consensus target price of $9.00 for the company, according to Zacks. Zacks has also assigned Global Ship Lease an industry rank of 162 out of 256 based on the ratings given to its competitors.
GSL has been the topic of several recent research reports. ValuEngine lowered shares of Global Ship Lease from a “sell” rating to a “strong sell” rating in a report on Tuesday. Zacks Investment Research raised shares of Global Ship Lease from a “hold” rating to a “strong-buy” rating and set a $7.75 price objective for the company in a report on Monday, June 3rd.
Shares of NYSE:GSL traded up $0.05 on Friday, reaching $7.75. The company had a trading volume of 500 shares, compared to its average volume of 11,144. Global Ship Lease has a 52-week low of $4.00 and a 52-week high of $11.20. The firm’s 50 day simple moving average is $6.95 and its 200-day simple moving average is $6.07. The firm has a market capitalization of $77.93 million, a PE ratio of 4.43 and a beta of 0.96. The company has a current ratio of 0.96, a quick ratio of 0.90 and a debt-to-equity ratio of 2.36.
Global Ship Lease (NYSE:GSL) last posted its earnings results on Thursday, August 1st. The shipping company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.19). Global Ship Lease had a negative net margin of 22.25% and a positive return on equity of 8.60%. The business had revenue of $63.09 million during the quarter.
About Global Ship Lease
Global Ship Lease, Inc owns and charters containerships of various sizes under fixed-rate charters to container shipping companies. As of December 31, 2018, it owned 38 vessels with a total capacity of 200,615 twenty-foot equivalent units. The company is based in London, the United Kingdom.
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