Jefferies Group Initiates Coverage on Scorpio Tankers (STNG)
Scorpio Tankers traded down 1.08% on Thursday, hitting $5.49. Scorpio Tankers has a 1-year low of $4.28 and a 1-year high of $10.39. The company’s market cap is $206.2 million.
Separately, analysts at Imperial Capital initiated coverage on shares of Scorpio Tankers in a research note to investors on Wednesday. They set an “outperform” rating and a $8.75 price target on the stock.
Scorpio Tankers Inc. is engaged in seaborne transportation of crude oil and refined petroleum products in the international shipping markets.