Safe Bulkers Inc has a consensus price target of $4 based on the ratings of 1 analysts. The high is $4 issued by Jefferies on May 11, 2023. The low is $4 issued by Jefferies on May 11, 2023. The 3 most-recent analyst ratings were released by Jefferies on May 11, 2023, February 16, 2023, and September 26, 2022, respectively. With an average price target of $3.67 between Jefferies, there's an implied -25.17% downside for Safe Bulkers Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Safe Bulkers (NYSE:SB) was reported by Jefferies on May 11, 2023. The analyst firm set a price target for $4.00 expecting SB to fall to within 12 months (a possible -18.37% downside). 0 analyst firms have reported ratings in the last year.
The latest analyst rating for Safe Bulkers (NYSE:SB) was provided by Jefferies, and Safe Bulkers maintained their hold rating.
There is no last upgrade for Safe Bulkers
The last downgrade for Safe Bulkers Inc happened on September 26, 2022 when Jefferies changed their price target from $5 to $4 for Safe Bulkers Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Safe Bulkers, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Safe Bulkers was filed on May 11, 2023 so you should expect the next rating to be made available sometime around May 11, 2024.
While ratings are subjective and will change, the latest Safe Bulkers (SB) rating was a maintained with a price target of $3.00 to $4.00. The current price Safe Bulkers (SB) is trading at is $4.90, which is out of the analyst’s predicted range.
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