Frontline Ltd. (FRO) Receives Price Target

Frontline Ltd. (FRO) : 4 Wall Street analysts covering Frontline Ltd. (FRO) believe that the average level the stock could reach for the short term is $10.75. The maximum price target given is $15 and the minimum target for short term is around $7, hence the standard deviation is calculated at $3.5.

Frontline Ltd. (FRO) : The consensus on Frontline Ltd. (FRO) based on 5 analyst recommendation on the company stock is 2.6, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.


Frontline Ltd. (NYSE:FRO): The stock opened at $7.32 on Thursday but the bulls could not build on the opening and the stock topped out at $7.33 for the day. The stock traded down to $7.02 during the day, due to lack of any buying support eventually closed down at $7.15 with a loss of -6.54% for the day. The stock had closed at $7.65 on the previous day. The total traded volume was 3,846,615 shares.

Frontline Ltd. is a shipping company. The Company is engaged in the ownership and operation of oil tankers. The Company operates oil tankers of two sizes: very large crude carriers (VLCCs), which are between 200,000 and 320,000 deadweight tons, and Suezmax tankers, which are vessels between 120,000 and 170,000 deadweight tons. The Company operates through subsidiaries and partnerships located in the Bahamas, Bermuda, the Cayman Islands, India, the Isle of Man, Liberia, Norway, the United Kingdom and Singapore. It is also involved in the charter, purchase and sale of vessels. As of December 31, 2014, the Companys tanker fleet consisted of 22 vessels and consists of 14 VLCCs (excluding the four vessels in the Windsor group) and eight Suezmax tankers, of which one Suezmax, Front Ull, is owned and the remaining 21 are chartered in.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.