Frontline Plc with ticker code (FRO) now have 4 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 34 and 16 suggesting an average Analsyt target price of $23.00. Given that the stocks previous close was at $16.47 this indicates there is a potential upside of 39.6%. The day 50 moving average is $16.85 and the 200 day moving average is $13.47. The company has a market capitalization of $3,764m. You can visit the company’s website by visiting: https://www.frontline.bm
The potential market cap would be $5,257m 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 25.99% with the ex dividend date set at 15-3-2023 (DMY).
Other points of data to note are a P/E ratio of 7.16, revenue per share of 6.68 and a 6.09% return on assets.
