Sunday, 1 October 2023

Business News

Kepler Capital Sticks to Their Buy Rating for Frontline (FRO) – TipRanks Financial Blog

Belo Sun Announces 2023 AGM Voting Results – TipRanks Financial Blog

In a report released on September 18, Axel Styrman from Kepler Capital maintained a Buy rating on Frontline (FROResearch 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.

See Insiders’ Hot Stocks on TipRanks >>

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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Read More on FRO:

Click Here to Read the Full Original Article at TipRanks Financial Blog…