Paragon Shipping Inc. (NASDAQ:PRGN) had its price objective raised by FinnCap from $3.00 to $5.00 in a research note released on Monday morning, StockTargetPrices.com reports. FinnCap currently has a corporate rating on the stock.

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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.

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