Genco Shipping & Trading Limite with ticker code (GNK) now have 11 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 31 and 15 calculating the average target price we see 25.68. With the stocks previous close at 13.18 this would indicate that there is a potential upside of 94.8%. The 50 day MA is 15.26 and the 200 day MA is 18.7. The market cap for the company is $571m. You can visit the company’s website by visiting: https://www.gencoshipping.com
The potential market cap would be $1,112m 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.
