Genco Shipping & Trading Ltd has a consensus price target of $26.33 based on the ratings of 7 analysts. The high is $30 issued by B. Riley Securities on May 10, 2024. The low is $22 issued by Deutsche Bank on September 4, 2024. The 3 most-recent analyst ratings were released by Deutsche Bank, Alliance Global Partners, and B. Riley Securities on September 4, 2024, July 1, 2024, and May 10, 2024, respectively. With an average price target of $26.33 between Deutsche Bank, Alliance Global Partners, and B. Riley Securities, there's an implied 45.62% upside for Genco Shipping & Trading Ltd from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Genco Shipping & Trading (NYSE:GNK) was reported by Deutsche Bank on September 4, 2024. The analyst firm set a price target for $22.00 expecting GNK to rise to within 12 months (a possible 21.66% upside). 8 analyst firms have reported ratings in the last year.
The latest analyst rating for Genco Shipping & Trading (NYSE:GNK) was provided by Deutsche Bank, and Genco Shipping & Trading initiated their buy rating.
There is no last upgrade for Genco Shipping & Trading
The last downgrade for Genco Shipping & Trading Ltd happened on January 5, 2024 when BTIG changed their price target from N/A to N/A for Genco Shipping & Trading Ltd.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Genco Shipping & Trading, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Genco Shipping & Trading was filed on September 4, 2024 so you should expect the next rating to be made available sometime around September 4, 2025.
While ratings are subjective and will change, the latest Genco Shipping & Trading (GNK) rating was a initiated with a price target of $0.00 to $22.00. The current price Genco Shipping & Trading (GNK) is trading at is $18.08, which is within the analyst’s predicted range.
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