Genco Shipping & Trading Limite with ticker code (GNK) now have 10 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 37 and 19 with the average target price sitting at 28.53. Given that the stocks previous close was at 20.62 this now indicates there is a potential upside of 38.4%. There is a 50 day moving average of 22.13 and the 200 moving average now moves to 18.43. The market capitalisation for the company is $907m. Company Website: https://www.gencoshipping.com
The potential market cap would be $1,255m 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.
