Cleaves Securities Keeps Their Buy Rating on Genco Shipping (GNK)


Cleaves Securities analyst Joakim Hannisdahl maintained a Buy rating on Genco Shipping (GNK) on October 14 and set a price target of $14.00. The company’s shares closed last Monday at $10.20.

According to TipRanks.com, Hannisdahl is a 4-star analyst with an average return of 28.0% and a 82.4% success rate. Hannisdahl covers the Services sector, focusing on stocks such as Golden Ocean Group Limited, Eagle Bulk Shipping Inc, and Nordic American Tanker.

Currently, the analyst consensus on Genco Shipping is a Strong Buy with an average price target of $15.50.

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The company has a one-year high of $12.64 and a one-year low of $6.83. Currently, Genco Shipping has an average volume of 216.8K.

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