MPC Container Ships Has Upside from Vessel Sales, Cash Returns, DNB Says; Board Member Buys Shares

• (PLX AI) - MPC Container Ships has upside from potential additional vessel sales, share buybacks and dividends from next year, analysts at DNB said, lifting their price target on the stock.
• • MPCC is rated buy at DNB, with a price target lifted to NOK 26.10 from NOK 24.40
• • The company could have a dividend yield of 27% next year, DNB said
• • Meanwhile, board member Axel Schroeder bought 500,000 shares in the company yesterday at an average price of NOK 19.36 per share
• • MPCC is trading up nearly 11% at NOK 21.35 shortly after noon on Friday