Pareto Downgrades BW LPG (BWLP) as Recent Rally Reduces Upside Potential

With an annual dividend yield of 13.56%, BW LPG Limited (NYSE:BWLP) is included among the Top 10 Dividend Stocks with 10%+ Yield.

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On June 16, Pareto downgraded BW LPG Limited (NYSE:BWLP) to Hold from Buy. It assigned a NOK 209 price target to the stock. The firm said the downgrade was driven by valuation following the stock's recent rally. Pareto added that it sees limited upside to BW LPG's consensus estimates.

Earlier, on June 3, the company announced it had completed the sale of its 8.50% equity stake in Confidence Petroleum India Limited. The company commented:

"Following the announcement made on 20 May 2025 on BW LPG's cessation of investment in infrastructure, we have exited our various infrastructure partnership in India. Today, we sold our 8.5% equity position in CPIL, and the divestment marks the full exit of BW LPG as a shareholder in CPIL."

BW LPG also said the investment in CPIL was classified as an equity investment. All fair value changes had already been recognized before the sale, meaning the transaction had no impact on the company's profit or loss or total equity.

BW LPG Limited (NYSE:BWLP) is a Singapore-based owner

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/pareto-downgrades-bw-lpg-bwlp-184839131.html)