Omar Nokta analyst at Jefferies reiterates coverage on Genco Shipping (GNK) in the Industrial Goods sector with a Buy rating. TipRanks.com has Nokta rated as a 4.5 star analyst with a 55% return on investment and a 12.7% success rate. Nokta has set a price target of $ 20.
TipRanks.com reports that Genco Shipping currently has 4 analysts offering 12-month price targets and the consensus is a Strong Buy rating with an average price target is $26.25. The target pricing ranges from a high forecast of $29.00 down to a low forecast of $20.00. Genco Shipping (GNK)’s last closing price was $12.29 which would put the average price target at 113.59% upside.
In addition, Barchart.com has a Strong sell rating and Yahoo! Finance has a Bearish short-term outlook. Remember, securities are volatile, so please do your own research on GNK.
Other analysts covering GNK include:
- Peter Christensen of Cleaves Securities issued a Buy rating with the price target of $ 28 on 2 weeks ago
- Michael Heim of Noble Financial issued a Buy rating with the price target of $ 28 on 1 month ago
- Poe Fratt of Alliance Global Partners issued a Buy rating with the price target of $ 29 on 1 month ago
- Liam Burke of B.Riley Financial issued a Buy rating with the price target of $ 31 on 4 months ago
One resource you need to consider using Tipranks.com where as a premium member you get access to all buy ratings, price targets and insider trading signals. Click here for more on Tipranks.com. Another great tool for charting is TradingView.com, so you might want to check that out too.
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