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 36 and 19 calculating the average target price we see 27.15. Given that the stocks previous close was at 14.32 this is indicating there is a potential upside of 89.6%. The 50 day MA is 15.25 and the 200 day moving average is 16.85. The market capitalisation for the company is $615m. Find out more information at: https://www.gencoshipping.com
The potential market cap would be $1,165m 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.
