.jpg "Genco Shipping (NYSE: GNK)")
Cleaves Securities analyst Joakim Hannisdahl maintained a Buy rating on Genco Shipping (GNK) yesterday and set a price target of $10.00. The company’s shares closed last Monday at $5.90.
According to TipRanks.com, Hannisdahl is a 3-star analyst with an average return of 1.1% and a 54.1% success rate. Hannisdahl covers the Services sector, focusing on stocks such as Nordic American Tanker, International Seaways, and Eagle Bulk Shipping.
Genco Shipping has an analyst consensus of Strong Buy, with a price target consensus of $13.00.
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The company has a one-year high of $11.82 and a one-year low of $4.27. Currently, Genco Shipping has an average volume of 271.3K.
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Genco Shipping & Trading Ltd. is an international ship owning company, which engages in the transportation of iron ore, coal, grain, steel products and other drybulk cargoes. It operates through the ocean transportation of drybulk cargoes worldwide through the ownership and operation of drybulk carrier vessels segment. The company was founded on September 27, 2004 and is headquartered in New York, NY.
