Genco Shipping & Trading Limite found using ticker (GNK) now have 10 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The range between the high target price and low target price is between 36 and 19 and has a mean target at 27.15. Given that the stocks previous close was at 21.45 this indicates there is a potential upside of 26.6%. The day 50 moving average is 18.04 and the 200 day MA is 17.61. The company has a market capitalisation of $894m. You can visit the company’s website by visiting: https://www.gencoshipping.com
The potential market cap would be $1,132m based on the market concensus.
Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. The company, through the ownership and operation of dry bulk carrier vessels, transports iron ore, coal, grains, steel products, and other dry-bulk cargoes. It charters its vessels primarily to trading houses, including commodities traders; producers; and government-owned entities. As of February 24, 2021, the company fleet consisted of 17 Capesize, 9 Ultramax, and 15 Supramax with an aggregate capacity of approximately 4,421,000 deadweight tons. Genco Shipping & Trading Limited was incorporated in 2004 and is headquartered in New York, New York.
