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Cleaves Securities Remains a Buy on Frontline (FRO)

Cleaves Securities analyst Peter Christensen maintained a Buy rating on Frontline (FROResearch Report) yesterday and set a price target of $16.00. The company’s shares closed last Friday at $11.38.

According to TipRanks, Christensen is a 5-star analyst with an average return of 37.1% and an 84.72% success rate. Christensen covers the Industrial Goods sector, focusing on stocks such as DHT Holdings, Frontline, and Nordic American Tanker.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Frontline with a $12.03 average price target, representing a 5.71% upside. In a report released on August 4, Kepler Capital also maintained a Buy rating on the stock with a NOK145.00 price target.

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The company has a one-year high of $11.61 and a one-year low of $6.10. Currently, Frontline has an average volume of 2.9M.

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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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