In a report released today, Omar Nokta from Jefferies maintained a Hold rating on Frontline (FRO – Research Report), with a price target of $11.00. The company’s shares opened today at $12.25.
According to TipRanks, Nokta is a 4-star analyst with an average return of 16.8% and a 55.88% success rate. Nokta covers the Industrial Goods sector, focusing on stocks such as Capital Product, Eagle Bulk Shipping, and Frontline.
Currently, the analyst consensus on Frontline is a Strong Buy with an average price target of $13.00.
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FRO market cap is currently $2.44B and has a P/E ratio of -232.56.
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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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