Genco Shipping & Trading Limite with ticker code (GNK) have now 10 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 28 and 17.7 suggesting an average Analsyt target price of $23.68. Given that the stocks previous close was at $15.92 this indicates there is a potential upside of 48.7%. The 50 day moving average now sits at $16.81 and the 200 day MA is $15.78. The company has a market cap of $657m. Find out more information at: https://www.gencoshipping.com
The potential market cap would be $977m 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 16.14% with the ex dividend date set at 6-3-2023 (DMY).
Other points of data to note are a P/E ratio of 4.18, revenue per share of 12.66 and a 8.8% return on assets.
