Analyst Price Target Update on Frontline Ltd. (NYSE:FRO)

Frontline Ltd. (NYSE:FRO) stock has received a short term price target of $ 12.5 from 4 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $3. The higher estimate of target price is $15 , while the lower price target estimate is $9

Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Seaport Global assumes its outlook on Frontline Ltd. (NYSE:FRO). The current rating of the shares is Neutral, according to the research report released by the firm. The brokerage firm announces the price target at $9 per share. The rating by the firm was issued on May 4, 2016. Company shares have received an average consensus rating of Hold for the current week

Frontline Ltd. (NYSE:FRO) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.21 points or 2.31% at $8.87 with 1,277,858 shares getting traded. Post opening the session at $8.86, the shares hit an intraday low of $8.78 and an intraday high of $9.18 and the price was in this range throughout the day. The company has a market cap of $1,387 million and the number of outstanding shares have been calculated to be 156,386,510 shares. The 52-week high of Frontline Ltd. (NYSE:FRO) is $17.05 and the 52-week low is $7.4.

Frontline Ltd. is a shipping company. The Company is engaged in the ownership and operation of oil tankers. The Company operates oil tankers of two sizes: very large crude carriers (VLCCs), which are between 200,000 and 320,000 deadweight tons, and Suezmax tankers, which are vessels between 120,000 and 170,000 deadweight tons. The Company operates through subsidiaries and partnerships located in the Bahamas, Bermuda, the Cayman Islands, India, the Isle of Man, Liberia, Norway, the United Kingdom and Singapore. It is also involved in the charter, purchase and sale of vessels. As of December 31, 2014, the Companys tanker fleet consisted of 22 vessels and consists of 14 VLCCs (excluding the four vessels in the Windsor group) and eight Suezmax tankers, of which one Suezmax, Front Ull, is owned and the remaining 21 are chartered in.

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