Genco Shipping & Trading Limite with ticker code (GNK) now have 8 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The range between the high target price and low target price is between 32 and 19 with a mean TP of 27.84. Given that the stocks previous close was at 18.6 this would indicate that there is a potential upside of 49.7%. The 50 day moving average now sits at 20.77 and the 200 day MA is 18.92. The market cap for the company is $787m. Company Website: https://www.gencoshipping.com
The potential market cap would be $1,178m 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.
