Knightsbridge Tankers Ltd (VLCCF) Tops Q2 EPS by 11c

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Knightsbridge Tankers (VLCCF) PT Raised at Canaccord Genuity Post Q2; Dividend Could Grow 50% by 2016

August 13, 2014 12:37 PM EDT

Canaccord Genuity analyst Noah Parquette reiterated a Buy rating and raised his price target on Knightsbridge Tankers (NASDAQ: VLCCF) to $14.00 (from $13.00) following Q2 results, based on a new 1.1x (from 1.0x) multiple to our forward, normalized NAV.

"We believe the premium multiple is... More