Clarksons Platou Downgrades GasLog Ltd. (GLOG) to Neutral

February 22, 2021 4:30 PM EST
Get Alerts GLOG Hot Sheet
Price: $5.79 --0%

Rating Summary:
    11 Buy, 8 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 10 | Down: 11 | New: 50
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Clarksons Platou analyst Omar Nokta downgraded GasLog Ltd. (NYSE: GLOG) from Buy to Neutral with a price target of $6.00.

The analyst comments "asLog announced today it has reached an agreement to take the company private with Blackrock's Global Energy & Power Infrastructure Team. Chairman Peter Livanos and the holdings of the Onassis Foundation, which together own 55% of the outstanding shares, will maintain their holdings while Blackrock will acquire the remaining 45% outstanding shares. This is a surprising development but nonetheless underscores the long-term positive outlook for the LNG sector given this new investment on the part of Blackrock."

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 $4.95 yesterday.

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