Noble Financial analyst Poe Fratt maintained a Buy rating on Genco Shipping (Other OTC: GNK) yesterday and set a price target of $23.50. The company’s shares closed yesterday at $16.68.
According to TipRanks.com, Fratt is ranked #1300 out of 4829 analysts.
Genco Shipping has an analyst consensus of Moderate Buy, with a price target consensus of $21.25.
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The company has a one-year high of $20.07 and a one-year low of $8.77. Currently, Genco Shipping has an average volume of 232.2K.
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Genco Shipping & Trading Ltd. operates as an international ship owning company. It engages in transporting iron ore, coal, grain, steel products and other drybulk cargoes along worldwide shipping routes through the ownership and operation of drybulk carrier vessels.
