Analyst Rating Update on Frontline Ltd. (FRO)

Frontline Ltd. (FRO) : 5 analysts are covering Frontline Ltd. (FRO) and their average rating on the stock is 2.6, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Frontline Ltd. (FRO) has been rated by 4 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $15 and the lowest price target forecast is $9. The average forecast of all the analysts is $11.5 and the expected standard deviation is $2.65.

Company shares have received an average consensus rating of Hold for the current week


Frontline Ltd. (NYSE:FRO): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.42 and $7.40 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.70. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.69, notching a gain of 3.64% for the day. The total traded volume was 974,685 . The stock had closed at $7.42 on the previous day.

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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