UPDATE: RS Platou Markets Raises PT on GasLog to $14

RS Platou Markets has published a research report on GasLog

and has raised the price target from $13 to $14 per share. In the report, RS Platou Markets wrote, "GasLog reported 2Q12 figures marginally better than expected when adjusting for one-off costs relating to the IPO and non-cash loss from interest rate swaps. The CEO and largest shareholder commented on the conference call that “we will be quite aggressive on paying out our cash flow”, indicating that a large portion of fully invested ~USD 1.5/share free cash flow should end up in the shareholder's pocket. We reiterate our view that fully invested FCF to equity yield of ~14% is highly attractive with 80% contract coverage and BG/Shell as major counterparties." RS Platou Markets maintained its Buy rating on GasLog, which is currently trading up 3.13 percent from Friday's $10.85 closing price.