Genco Shipping & Trading Limite with ticker code (GNK) have now 10 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 calculating the average target price we see 27.55. With the stocks previous close at 15.65 this now indicates there is a potential upside of 76.0%. The 50 day moving average now sits at 18.13 and the 200 moving average now moves to 18.91. The company has a market capitalisation of $669m. Visit the company website at: 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.
