Market Overview

J.P. Morgan Initiates Coverage on GasLog with Overweight Rating

Share:
Related GLOG
Benzinga's Top Upgrades, Downgrades For September 13, 2017
Benzinga's Top Upgrades, Downgrades For June 13, 2017

In a report issued earlier today, J.P. Morgan & Co. initiated coverage for GasLog Ltd. (NYSE: GLOG) with an Overweight rating, and set a price target of $16.50.

J.P. Morgan went on to say that GasLog is “geared to bullish, long-term LNG [Liquefied Natural Gas] demand. Natural gas offers a solution to sovereign energy concerns regarding diversification, security and carbon emissions – all while nuclear power falls further out of favor. Our 2012-16 LNG demand CAGR is 6% as the industry is in the midst of unprecedented capacity growth (compares to only a 2% CAGR for LNG shipping capacity) with an expanding share of LNG-sourced imports relative to pipeline delivery.”

GasLog Ltd. closed yesterday at $11.99.

Latest Ratings for GLOG

DateFirmActionFromTo
Sep 2017DNB MarketsDowngradesBuyHold
Jun 2017Morgan StanleyUpgradesEqual-WeightOverweight
Apr 2017Credit SuisseInitiates Coverage OnOutperform

View More Analyst Ratings for GLOG
View the Latest Analyst Ratings

Posted-In: J.P. Morgan & Co.Analyst Color Initiation Analyst Ratings

 

Related Articles (GLOG)

View Comments and Join the Discussion!
Loading...

Partner Center

Loading...