Genco Shipping & Trading Limite found using ticker (GNK) have now 10 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 33 and 19 and has a mean target at 27.01. Now with the previous closing price of 19.51 this indicates there is a potential upside of 38.4%. The 50 day MA is 17.59 and the 200 day MA is 17.5. The market capitalisation for the company is $862m. Company Website: https://www.gencoshipping.com
The potential market cap would be $1,194m 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, luding commodities traders; producers; and government-owned entities. As of December 31, 2021, the company fleet consisted of 44 dry bulk carriers, luding 17 Capesize, 15 Ultramax, and 12 Supramax with an aggregate capacity of approximately 4,636,000 deadweight tons. Genco Shipping & Trading Limited was orporated in 2004 and is headquartered in New York, New York.
