Frontline Plc – Consensus Indicates Potential 11.2% Upside

Broker Ratings

Frontline Plc with ticker code (FRO) now have 4 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The range between the high target price and low target price is between 23 and 16 with a mean TP of 20.25. Given that the stocks previous close was at 18.21 this would imply there is a potential upside of 11.2%. The 50 day moving average now sits at 14.78 and the 200 moving average now moves to 12.23. The market capitalisation for the company is $4,045m. Visit the company website at:

The potential market cap would be $4,498m based on the market concensus.

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Frontline Ltd., a shipping company, engages in the seaborne transportation of crude oil and oil products worldwide. It owns and operates oil and product tankers. As of December 31, 2021, the company operated a fleet of 70 vessels. It is also involved in the charter, purchase, and sale of vessels. The company was founded in 1985 and is based in Hamilton, Bermuda.

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