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.

See the top stocks recommended by analysts >>

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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Read More on FRO:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More