Baltic dry bulk index jumps to two-month high as larger vessel rates firm
Written by Emily J. Thompson, Senior Investment Analyst
Source: SeekingAlpha
Baltic Exchange Dry Bulk Index Surge: The Baltic Exchange dry bulk sea freight index reached a two-month high, increasing over 4% to 1,489, driven by rising rates for larger vessels, marking its sixth consecutive day of gains.
Capesize and Panamax Vessel Earnings Rise: The capesize index rose more than 6% to 2,481 with daily earnings reaching $20,576, while the panamax index increased over 3% to 1,145, with average daily earnings at $10,307.
Analyst Views on BDRY
Wall Street analysts forecast BDRY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BDRY is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 10.070
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
