Genco Shipping & Trading Limite found using ticker (GNK) have now 10 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 32 and 15 and has a mean target at 27.15. With the stocks previous close at 14.01 this is indicating there is a potential upside of 93.8%. The 50 day MA is 17.12 and the 200 day moving average is 18.87. The company has a market capitalisation of $580m. Company Website: https://www.gencoshipping.com
The potential market cap would be $1,124m 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.
