$STNG CONTINUED BREAKOUT IN SCORPIO TANKERS 70% IN 2 MONTHS.

We expect a sizable move in Scorpio Tankers in the coming days , analysts were already bullish on the stock and it has once again received a upgrade from JP Morgan to overweight with a $34 price target today. They shipping stocks have been in a bear market for many years but that has now changed. The chart of STNG has formed a lovely base and is now set to continue its breakout towards the $30 range and higher.
Average analysts recommendation BUY
Average analysts price target $35
14 BUY
1 Hold
Company Description
Scorpio Tankers, Inc. engages in the provision of marine transportation of petroleum products. It operates through the following segments: Handymax, MR, LR1/Panamax, and LR2/Aframax.