GasLog Partners (GLOP) Now Covered by Jefferies Group
Equities researchers at Jefferies Group assumed coverage on shares of GasLog Partners (NYSE:GLOP) in a research report issued on Monday. The brokerage set a “buy” rating and a $28.00 price target on the shipping company’s stock. Jefferies Group’s target price would suggest a potential upside of 21.74% from the company’s previous close.
Other research analysts have also issued research reports about the company. BidaskClub raised GasLog Partners from a “sell” rating to a “hold” rating in a research note on Monday, September 18th. Zacks Investment Research lowered GasLog Partners from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. Stifel Nicolaus reissued a “buy” rating and set a $27.00 price target on shares of GasLog Partners in a research note on Friday, October 13th. ValuEngine lowered GasLog Partners from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, September 27th. Finally, Barclays reduced their price target on GasLog Partners from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $26.40.
Shares of GasLog Partners (NYSE GLOP) opened at $23.00 on Monday. The company has a market capitalization of $942.30, a price-to-earnings ratio of 10.84 and a beta of 1.61. The company has a current ratio of 1.49, a quick ratio of 1.47 and a debt-to-equity ratio of 1.26. GasLog Partners has a fifty-two week low of $19.55 and a fifty-two week high of $25.45.
Institutional investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company lifted its stake in shares of GasLog Partners by 5.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,813 shares of the shipping company’s stock worth $132,000 after purchasing an additional 323 shares during the period. People s United Financial Inc. purchased a new position in shares of GasLog Partners during the 2nd quarter worth $227,000. Csenge Advisory Group purchased a new position in shares of GasLog Partners during the 3rd quarter worth $251,000. Moors & Cabot Inc. raised its position in shares of GasLog Partners by 19.4% in the 2nd quarter. Moors & Cabot Inc. now owns 11,482 shares of the shipping company’s stock worth $259,000 after buying an additional 1,868 shares during the period. Finally, Cubist Systematic Strategies LLC raised its position in shares of GasLog Partners by 22.3% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 12,935 shares of the shipping company’s stock worth $293,000 after buying an additional 2,362 shares during the period. 42.27% of the stock is currently owned by institutional investors.
About GasLog Partners
GasLog Partners LP is a limited partnership company. The Company focuses on owning, operating and acquiring liquefied natural gas (LNG) carriers under multi-year charters. The Company’s fleet consists of 9 LNG carriers with an average carrying capacity of approximately 149,500 cubic meters (cbm), each of which has a multi-year time charter.
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