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Kepler Capital Reaffirms Their Sell Rating on Frontline (FRO)

Tipranks - Tipranks - Sun Feb 22, 7:48PM CST

In a report released on February 20, Axel Styrman from Kepler Capital maintained a Sell rating on Frontline, with a price target of NOK171.00. The company’s shares closed last Friday at $34.72.

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Styrman covers the Energy sector, focusing on stocks such as Frontline, Euronav, and Torm. According to TipRanks, Styrman has an average return of -8.4% and a 36.13% success rate on recommended stocks.

Frontline has an analyst consensus of Moderate Buy, with a price target consensus of NOK258.04.

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Based on Frontline’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $432.65 million and a net profit of $40.32 million. In comparison, last year the company earned a revenue of $490.32 million and had a net profit of $60.46 million

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