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DNB Market Raised Frontline’s Target Price

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Frontline

We’ve already looked at what analysts expect for Frontline’s (FRO) revenues and EBITDA. Now, let’s look at what analysts recommend for Frontline and its peers.

On May 29, DNB Market raised the target price for Frontline to 60 Norwegian kroner from 40 Norwegian kroner and maintained a “buy” rating on the stock.

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Analysts’ recommendations

Of the six analysts covering Frontline, one analyst (16.6%) gave a “buy” recommendation, three analysts (50%) gave a “hold” recommendation, one analyst (16.6%) gave a “sell” recommendation, and one analyst (16.6%) gave a “strong sell” recommendation.

The average target price for Frontline is $5.02—compared to its current market price of $5.01 as of May 29, which implies a potential upside of 0.2%.

Consensus recommendations

  • Of the six analysts, two recommended a “strong buy,” one recommended a “buy,” and three recommended a “hold” for Gener8 Maritime Partners (GNRT).
  • Of the seven analysts, four recommended a “hold,” two recommended a “sell,” and one recommended a “strong sell” for Nordic American Tankers (NAT).
  • Of the ten analysts, two recommended a “strong buy,” six recommended a “buy,” and two recommended a “hold” for Tsakos Energy Navigation (TNP).
  • Of the ten analysts, two recommended a “strong buy,” six recommended a “buy,” and two recommended a “hold” for Euronav (EURN).
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