Its analysts opted for the positive rating despite the belief the Peter Georgiopoulos-led company will not feel the full benefit of the market peak given the number of vessels that will deliver in 2016.
In a report entitled joining the tanker party, analysts Jan Andreas Naess, Joakim Hannisdahl and Jonathan Staubo placed a $19 per share target price on the company, suggesting the stock will react positively to the winter market.
