Jefferies Upgrades GasLog Ltd. (GLOG) to Buy

Jefferies upgraded GasLog Ltd. (NYSE: GLOG) from Hold to Buy with a price target of $17.00 (from $8.00).

Analyst Douglas Mavrinac commented, "We are upgrading GLOG shares to Buy and are increasing our PT to $17 from $8 based on GLOG shares trading at 140% of estimated NAV, in line with the Company's historical multiple. Given the Company's built-in growth and further growth aspirations as well as the potential for GLOG to also pursue FLNG projects, we believe GasLog is well positioned for an improving LNG shipping market environment as well as potentially stronger crude oil/LNG prices."

For an analyst ratings summary and ratings history on GasLog Ltd. click here. For more ratings news on GasLog Ltd. click here.

Shares of GasLog Ltd. closed at $12.09 yesterday.

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