Frontline Plc which can be found using ticker (FRO) now have 4 analysts in total covering the stock. The consensus rating is pointing to ‘Hold’. The target price High/Low ranges between 23 and 16 calculating the average target price we see $20.25. Given that the stocks previous close was at $14.91 this would imply there is now a potential upside of 35.8%. It’s also worth noting that there is a 50 day moving average of $16.48 while the 200 day moving average is $12.95. The company has a market cap of $3,699m. Find out more information at: https://www.frontline.bm
The potential market cap would be $5,024m based on the market consensus.
Frontline Ltd., a shipping company, engages in the seaborne transportation of crude oil and oil products worldwide. It owns and operates oil and product tankers. As of December 31, 2021, the company operated a fleet of 70 vessels. It is also involved in the charter, purchase, and sale of vessels. The company was founded in 1985 and is based in Hamilton, Bermuda.
The company has a dividend yield of 25.85% with the ex dividend date set at 15-3-2023 (DMY).
Other points of data to note are a P/E ratio of 6.77, revenue per share of 6.68 and a 6.09% return on assets.
