Genco Shipping & Trading Limite found using ticker (GNK) have now 10 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 28 and 17.7 with a mean TP of 23.42. With the stocks previous close at 17.5 this indicates there is a potential upside of 33.8%. There is a 50 day moving average of 15.71 while the 200 day moving average is 17.13. The company has a market cap of $765m. Find out more information at: https://www.gencoshipping.com
The potential market cap would be $1,024m 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.
