Genco Shipping & Trading Limite found using ticker (GNK) now have 10 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 28 and 17.7 with a mean TP of 23.42. With the stocks previous close at 18.06 this indicates there is a potential upside of 29.7%. There is a 50 day moving average of 16.47 and the 200 day moving average is 16.92. The market capitalisation for the company is $770m. Visit the company website at: https://www.gencoshipping.com
The potential market cap would be $998m 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 owns and operates dry bulk carrier vessels to 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 December 31, 2021, the company fleet consisted of 44 dry bulk carriers, including 17 Capesize, 15 Ultramax, and 12 Supramax with an aggregate capacity of approximately 4,636,000 deadweight tons. Genco Shipping & Trading Limited was incorporated in 2004 and is headquartered in New York, New York.
