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 and has a mean target at 26.85. Given that the stocks previous close was at 17.01 this indicates there is a potential upside of 57.8%. The 50 day moving average now sits at 15.53 and the 200 day moving average is 17.05. The market cap for the company is $711m. Find out more information at: https://www.gencoshipping.com
The potential market cap would be $1,122m 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.
