Frontline (FRO) Receives a Sell from Kepler Capital
In a report released on November 24, Axel Styrman from Kepler Capital maintained a Sell rating on Frontline, with a price target of NOK145.00. The company’s shares closed yesterday at $24.96.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Styrman covers the Energy sector, focusing on stocks such as Frontline, Euronav, and Torm. According to TipRanks, Styrman has an average return of -5.1% and a 42.66% success rate on recommended stocks.
Currently, the analyst consensus on Frontline is a Moderate Buy with an average price target of $23.39.
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
Read More on FRO:
