Frontline Ltd. (NYSE:FRO) : 5 analysts are covering Frontline Ltd. (NYSE: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. (NYSE:FRO) : The most positive equity analysts on Frontline Ltd. (NYSE:FRO) expects the shares to touch $15, whereas, the least positive believes that the stock will trade at $9 in the short term. The company is covered by 4 Wall Street Brokerage Firms. The average price target for shares are $11.5 with an expected fluctuation of $2.65 from the mean.
Company shares have received an average consensus rating of Hold for the current week Also, Seaport Global assumes its rating on Frontline Ltd. (NYSE:FRO). The global brokerage major announces a current price target of $9 per share. Analysts at the Seaport Global have a current rating of Neutral on the shares. The rating by the firm was issued on May 4, 2016.
Frontline Ltd. (NYSE:FRO): stock turned positive on Tuesday. Though the stock opened at $7.84, the bulls momentum made the stock top out at $8 level for the day. The stock recorded a low of $7.8 and closed the trading day at $7.96, in the green by 5.57%. The total traded volume for the day was 1,783,162. The stock had closed at $7.54 in the previous days trading.
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.