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, 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.

See today’s best-performing stocks on TipRanks >>

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.

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