Scorpio Tankers Inc (STNG) shares surged to $37.03, surpassing the average analyst 12-month target price of $35.78 in recent trading. This shift reflects various analyst evaluations, with one target as low as $10.50 and another as high as $47.00, leading to a standard deviation of $12.58. Investors are prompted to reassess the company’s future potential or consider profit-taking strategies as the stock climbs.
Current ratings for STNG show six analysts with a “Strong Buy” rating, one with a “Strong Sell,” and no “Buy,” “Hold,” or “Sell” ratings. The average rating stands at 1.57, indicating strong bullish sentiment. This data, sourced from Zacks Investment Research through Quandl.com, emphasizes market expectations around the stock’s performance.
