Global Ports (LON:GPH) Coverage Initiated at Berenberg Bank

Equities research analysts at Berenberg Bank assumed coverage on shares of Global Ports (LON:GPH) in a research report issued on Tuesday, February 5th. The brokerage set a “buy” rating and a GBX 475 ($6.21) price target on the stock. Berenberg Bank’s price objective suggests a potential upside of 26.16% from the stock’s previous close.

Separately, Barclays lowered their price target on Global Ports from GBX 920 ($12.02) to GBX 590 ($7.71) and set an “overweight” rating on the stock in a report on Monday, October 22nd.

Shares of GPH stock traded down GBX 3 ($0.04) during mid-day trading on Tuesday, hitting GBX 376.50 ($4.92). 3,762 shares of the stock were exchanged, compared to its average volume of 42,727. Global Ports has a 12-month low of GBX 5.21 ($0.07) and a 12-month high of GBX 762 ($9.96).

About Global Ports

Global Ports Holding PLC operates ports primarily in Turkey, Montenegro, Malta, Spain, and Italy. It operates cruise ports for cruise liners, ferries, yachts, and mega-yachts. The company also engages in the commercial port operations that specialize in container, bulk, and general cargo handling activities; and storage and marine vehicle trade businesses.

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