Kepler Capital Reaffirms Their Sell Rating on Frontline (FRO)
Kepler Capital analyst Axel Styrman maintained a Sell rating on Frontline on November 4 and set a price target of NOK132.00. The company’s shares closed yesterday at $23.28.
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Styrman covers the Energy sector, focusing on stocks such as Frontline, Euronav, and BW LPG Ltd. According to TipRanks, Styrman has an average return of -5.4% and a 38.97% success rate on recommended stocks.
Currently, the analyst consensus on Frontline is a Moderate Buy with an average price target of $22.97.
Based on Frontline’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $480.08 million and a net profit of $77.54 million. In comparison, last year the company earned a revenue of $556.03 million and had a net profit of $187.57 million
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