Blurbs

Frontline (FRO) Gets a Buy Rating from Cleaves Securities

In a report issued on June 26, Peter Christensen from Cleaves Securities maintained a Buy rating on Frontline (FROResearch Report), with a price target of $14.00. The company’s shares closed last Tuesday at $9.35.

According to TipRanks.com, Christensen is a 5-star analyst with an average return of 25.7% and a 86.4% success rate. Christensen covers the Industrial Goods sector, focusing on stocks such as Nordic American Tanker, International Seaways, and Eagle Bulk Shipping.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Frontline with a $11.63 average price target, representing a 22.9% upside. In a report issued on June 17, Drewry Financial also maintained a Buy rating on the stock with a $10.00 price target.

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The company has a one-year high of $11.57 and a one-year low of $6.10. Currently, Frontline has an average volume of 2.84M.

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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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