Genco Shipping & Trading (NYSE:GNK) Research Coverage Started at Maxim Group

Maxim Group initiated coverage on shares of Genco Shipping & Trading (NYSE:GNK) in a report released on Thursday, January 3rd, MarketBeat reports. The brokerage set a “buy” rating and a $22.00 price target on the shipping company’s stock. Maxim Group’s target price indicates a potential upside of 148.87% from the stock’s current price.

The analysts wrote, “We are initiating coverage of Genco Shipping (GNK), the owner of one of the largest, most diversified fleets of dry bulk vessels.””

Several other equities analysts have also commented on the stock. B. Riley initiated coverage on shares of Genco Shipping & Trading in a research report on Thursday, October 4th. They set a “buy” rating and a $22.00 price target for the company. reissued a “reduce” rating on shares of Genco Shipping & Trading in a research report on Tuesday, October 9th. Finally, Noble Financial reissued a “buy” rating on shares of Genco Shipping & Trading in a report on Thursday, October 11th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Genco Shipping & Trading has an average rating of “Buy” and an average price target of $18.50.

GNK stock

opened at $8.84 on Thursday. Genco Shipping & Trading has a 12-month low of $7.28 and a 12-month high of $20.07. The company has a current ratio of 2.16, a quick ratio of 1.89 and a debt-to-equity ratio of 0.47. ....

read more from pressoracle.com