Frontline Plc [FRO] stock prices are up 1.88% to $23.28 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The FRO shares have gain 2.60% over the last week, with a monthly amount drifted -3.56%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Frontline Plc [NYSE: FRO] stock has seen the most recent analyst activity on March 21, 2024, when Jefferies upgraded its rating to a Buy and also boosted its price target to $30 from $22. Previously, Deutsche Bank upgraded its rating to Buy on January 09, 2024, and elevated its price target to $26. On August 25, 2023, downgrade downgraded it’s rating to Hold but maintained its price target of $17 on the stock. JP Morgan started tracking the stock assigning a Neutral rating and suggested a price target of $20 on August 15, 2023. Deutsche Bank upgraded its rating to a Buy and reduced its price target to $17 on June 30, 2023. Jefferies downgraded its rating to Hold for this stock on May 08, 2023, but kept the price target unchanged to $17. In a note dated September 06, 2022, Jefferies upgraded an Buy rating on this stock and boosted its target price from $11 to $16.
The stock price of Frontline Plc [FRO] has been fluctuating between $17.02 and $29.39 over the past year. Currently, Wall Street analysts expect the stock to reach $28 within the next 12 months. Frontline Plc [NYSE: FRO] shares were valued at $23.28 at the most recent close of the market. An investor can expect a potential return of 20.27% based on the average FRO price forecast.
Analyzing the FRO fundamentals
The Frontline Plc [NYSE:FRO] reported sales of 1.93B for trailing twelve months, representing a surge of 8.44%. Gross Profit Margin for this corporation currently stands at 0.37% with Operating Profit Margin at 0.35%, Pretax Profit Margin comes in at 0.31%, and Net Profit Margin reading is 0.31%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.26 and Total Capital is 0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.59.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 22.52 points at the first support level, and at 21.75 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.80, and for the 2nd resistance point, it is at 24.31.
Ratios To Look Out For
It’s worth pointing out that Frontline Plc [NYSE:FRO]’s Current Ratio is 1.38. In addition, the Quick Ratio stands at 1.38 and the Cash Ratio stands at 0.58. Considering the valuation of this stock, the price to sales ratio is 2.69, the price to book ratio is 2.14 and price to earnings (TTM) ratio is 8.72.
