Frontline (FRO) Gets a Sell from Kepler Capital
Kepler Capital analyst Axel Styrman maintained a Sell rating on Frontline on November 19 and set a price target of NOK150.00. The company’s shares closed yesterday at $25.20.
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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 -5.2% and a 41.55% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Frontline with a $23.57 average price target.
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
