Genco Shipping & Trading Ltd has a consensus price target of $25 based on the ratings of 7 analysts. The high is $30 issued by B. Riley Securities on May 10, 2024. The low is $17 issued by Stifel on October 23, 2024. The 3 most-recent analyst ratings were released by Jefferies, Stifel, and Deutsche Bank on November 7, 2024, October 23, 2024, and September 4, 2024, respectively. With an average price target of $21.33 between Jefferies, Stifel, and Deutsche Bank, there's an implied 21.21% 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 Jefferies on November 7, 2024. The analyst firm set a price target for $25.00 expecting GNK to rise to within 12 months (a possible 42.05% upside). 9 analyst firms have reported ratings in the last year.
The latest analyst rating for Genco Shipping & Trading (NYSE:GNK) was provided by Jefferies, and Genco Shipping & Trading maintained their buy rating.
There is no last upgrade for Genco Shipping & Trading
The last downgrade for Genco Shipping & Trading Ltd happened on October 23, 2024 when Stifel changed their price target from $26 to $17 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 November 7, 2024 so you should expect the next rating to be made available sometime around November 7, 2025.
While ratings are subjective and will change, the latest Genco Shipping & Trading (GNK) rating was a maintained with a price target of $25.00 to $25.00. The current price Genco Shipping & Trading (GNK) is trading at is $17.60, which is out of the analyst’s predicted range.
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