In a report released on October 9, Axel Styrman from Kepler Capital maintained a Buy rating on Frontline (FRO – Research Report), with a price target of NOK292.00. The company’s shares closed yesterday at $19.69.
According to TipRanks, Styrman is a 4-star analyst with an average return of 10.3% and a 74.07% success rate. Styrman covers the Energy sector, focusing on stocks such as Frontline, Euronav, and DHT Holdings.
In addition to Kepler Capital , Frontline also received a Buy from Evercore ISI’s Jonathan Chappell in a report issued on October 9. However, yesterday, BTIG maintained a Hold rating on Frontline (NYSE: FRO).
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FRO market cap is currently $4.07B and has a P/E ratio of 8.67.
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Frontline (FRO) Company Description:
Frontline Ltd. is an international shipping company, which engages in the ownership and operation of oil and product tankers. It also offers the seaborne transportation of crude oil and oil products. The company was founded in 1985 and is headquartered in Hamilton, Bermuda.
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