Genco Shipping & Trading Limite with ticker code (GNK) have now 10 analysts in total covering the stock. The consensus rating is pointing to ‘Buy’. The range between the high target price and low target price is between 28 and 17.7 calculating the mean target price we have $23.71. Given that the stocks previous close was at $16.62 and the analysts are correct then we can expect a percentage increase in value of 42.7%. The day 50 moving average is $17.04 while the 200 day moving average is $15.81. The total market capitalization for the company now stands at $708m. You can visit the company’s website by visiting: https://www.gencoshipping.com
The potential market cap would be $1,010m based on the market consensus.
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, grains, coal, steel products, and other dry-bulk cargoes. It charters its vessels primarily to trading houses, including commodities traders; producers; and government-owned entities. The company was incorporated in 2004 and is headquartered in New York, New York.
The company has a dividend yield of 15.77% with the ex dividend date set at 6-3-2023 (DMY).
Other points of data to note are a P/E ratio of 4.45, revenue per share of 12.66 and a 8.8% return on assets.
