DHT (NYSE:DHT) Was Increased by Analysts at Morgan Stanley to a “Overweight” Rating

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Morgan Stanley Analyst Rating Change DHT NYSE:DHT

DHT (NYSE:DHT) Rating Change

Trading of DHT (NYSE:DHT)’s shares is going to be interesting today. Morgan Stanley upgraded the stock from a “Equal-Weight” to a “Overweight”.

Despite the stock upgrade NYSE:DHT is now trading -2.40% lower at $4.06 as of 2:03 PM New York time. DHT’s stock is 0% in the last 200 days. It has underperformed the S&P 500 Index, which has added 6.00% in the same time period.

Out of 12 brokers covering DHT, 10 rate it a Buy, 3 indicate a Hold while 0 suggest a Sell. The highest target is $11 and the lowest is $4.9 according to Thomson/First Call. The 12-month mean target is $7.64, which means upside potential of 88.18% over the current price.

DHT Stock Chart

DHT (NYSE:DHT) Profile

DHT Holdings, Inc. operates a fleet of crude oil tankers. As of March 21, 2017, the Company’s fleet consisted of 21 crude oil tankers in operation. As of March 21, 2017, the Company’s fleet consisted of 19 very large crude carriers (VLCCs), which are tankers ranging in size from 200,000 to 320,000 deadweight tons (dwt), and two Aframax tankers (Aframaxes), which are tankers ranging in size from 80,000 to 120,000 dwt.

DHT (NYSE:DHT) traded down -2.40% on 12 February, hitting $4.06. A total of 786,585 shares of the company’s stock traded hands. This is up from average of 580,130 shares. DHT has a 52 week low of $3.29 and a 52 week high of $5.2. The company has a market cap of $577.93 million and a P/E ratio of 0.

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