Genco Shipping & Trading Limite with ticker code (GNK) now have 10 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 33 and 19 calculating the mean target price we have 26.94. Given that the stocks previous close was at 17.75 this now indicates there is a potential upside of 51.8%. There is a 50 day moving average of 15.75 while the 200 day moving average is 17.11. The company has a market cap of $760m. Find out more information at: https://www.gencoshipping.com
The potential market cap would be $1,154m 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.
