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Frontline (FRO) Receives a Sell from Kepler Capital

Tipranks - Tipranks - Wed Jan 7, 7:44PM CST

In a report released on January 5, 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 $20.79.

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Styrman covers the Energy sector, focusing on stocks such as Frontline, Torm, and Euronav. According to TipRanks, Styrman has an average return of -5.9% and a 38.93% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Frontline with a NOK235.83 average price target.

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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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