Where Genco Shipping & Trading Stands With Analysts
Portfolio Pulse from Benzinga Insights
In the last three months, 4 analysts have published ratings on Genco Shipping & Trading (NYSE:GNK), all of which are bullish. The average 12-month price target has increased by 7.0% to $26.75. Analysts from Alliance Global Partners, B. Riley Securities, Jefferies, and Stifel have all raised their price targets, reflecting positive sentiment towards the company.
July 01, 2024 | 5:01 pm
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POSITIVE IMPACT
Genco Shipping & Trading has received bullish ratings from 4 analysts in the last three months, with an average 12-month price target increase of 7.0% to $26.75. Analysts from Alliance Global Partners, B. Riley Securities, Jefferies, and Stifel have all raised their price targets.
The unanimous bullish ratings and increased price targets from multiple reputable analysts indicate strong positive sentiment towards Genco Shipping & Trading. This is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100