Paragon Shipping Inc. (NASDAQ:PRGN) had its target price upped by equities researchers at FinnCap from $3.00 to $5.00 in a research note issued to investors on Monday, StockTargetPrices.com reports. The firm currently has a “corporate” rating on the stock.
About Paragon Shipping
Paragon Shipping Inc is a global provider of shipping transportation services. The Company specializes in transporting drybulk cargoes, including commodities as iron ore, coal, grain and other materials, along shipping routes across the world. It focuses on newbuilding program, including over three Kamsarmax drybulk carriers with fleet carrying capacity of over 245,400 deadweight tons.