Genco Shipping & Trading Limite which can be found using ticker (GNK) now have 10 analysts in total covering the stock. The consensus rating is pointing to ‘Buy’. The target price High/Low ranges between 28 and 17.7 with the average target price sitting at $23.71. Given that the stocks previous close was at $15.34 this indicates there is a potential upside of 54.6%. There is a 50 day moving average of $17.41 and the 200 day moving average is $16.00. The total market capitalization for the company now stands at $662m. Find out more information at: https://www.gencoshipping.com
The potential market cap would be $1,024m 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 16.75% with the ex dividend date set at 6-3-2023 (DMY).
Other points of data to note are a P/E ratio of 4.14, revenue per share of 12.66 and a 8.8% return on assets.
