Genco Shipping & Trading Limite with ticker code (GNK) have now 10 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 36 and 19 with the average target price sitting at 27.15. With the stocks previous close at 16.45 this would indicate that there is a potential upside of 65.0%. The 50 day MA is 15.35 and the 200 day moving average is 16.74. The market cap for the company is $663m. Find out more information at: https://www.gencoshipping.com
The potential market cap would be $1,094m 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.
