Jefferies Group Initiates Coverage on Scorpio Tankers (STNG)

By admin | 6 years ago

Investment analysts at Jefferies Group (NYSE: JEF) began coverage on shares of Scorpio Tankers (NASDAQ: STNG) in a note issued to investors on Thursday. The firm set a “buy” rating on the stock.

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.

About the author