Genco Shipping & Trading Limite with ticker code (GNK) now have 8 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 32 and 19 calculating the mean target price we have 27.84. Now with the previous closing price of 17.74 this indicates there is a potential upside of 56.9%. There is a 50 day moving average of 21.06 while the 200 day moving average is 18.94. The market cap for the company is $787m. Find out more information at: https://www.gencoshipping.com
The potential market cap would be $1,236m 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.
