In a report released on September 18, Axel Styrman from Kepler Capital maintained a Buy rating on Frontline (FRO – Research Report), with a price target of NOK292.00. The company’s shares closed yesterday at $16.92.
According to TipRanks, Styrman is a 3-star analyst with an average return of 6.5% and a 42.86% success rate. Styrman covers the Energy sector, focusing on stocks such as Frontline, Euronav, and DHT Holdings.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Frontline with a $24.37 average price target, representing a 44.03% upside. In a report released on September 17, Cleaves Securities also maintained a Buy rating on the stock with a $34.00 price target.
The company has a one-year high of $17.85 and a one-year low of $8.64. Currently, Frontline has an average volume of 2.57M.
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Frontline Ltd. is an international shipping company, which engages in the ownership and operation of oil and product tankers. It also offers the seaborne transportation of crude oil and oil products. The company was founded in 1985 and is headquartered in Hamilton, Bermuda.
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