Genco Shipping & Trading Limite with ticker code (GNK) now have 10 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 33 and 19 with a mean TP of 26.94. Now with the previous closing price of 18.77 this is indicating there is a potential upside of 43.5%. The day 50 moving average is 15.98 and the 200 day MA is 17.15. The market capitalisation for the company is $836m. Visit the company website at: https://www.gencoshipping.com
The potential market cap would be $1,199m 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, through the ownership and operation of dry bulk carrier vessels, 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 February 24, 2021, the company fleet consisted of 17 Capesize, 9 Ultramax, and 15 Supramax with an aggregate capacity of approximately 4,421,000 deadweight tons. Genco Shipping & Trading Limited was incorporated in 2004 and is headquartered in New York, New York.
