Genco Shipping & Trading Limite with ticker code (GNK) have now 10 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 37 and 19 calculating the average target price we see 27.61. Now with the previous closing price of 21.17 this would indicate that there is a potential upside of 30.4%. There is a 50 day moving average of 20.22 and the 200 day moving average is 17.92. The market capitalisation for the company is $911m. Visit the company website at: https://www.gencoshipping.com
The potential market cap would be $1,188m 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.
