Frontline Plc [FRO] stock prices are up 4.94% to $20.18 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The FRO shares have gain 6.83% over the last week, with a monthly amount drifted -8.73%, 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 October 07, 2024, when BTIG Research upgraded its rating to a Buy but kept the price target unchanged to $30 for it. Previously, Jefferies upgraded its rating to Buy on March 21, 2024, and elevated its price target to $30. On January 09, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $26 on the stock. Deutsche Bank downgraded its rating to a Hold but stick to its price target of $17 on August 25, 2023. JP Morgan initiated its recommendation with a Neutral and recommended $20 as its price target on August 15, 2023. Deutsche Bank upgraded its rating to Buy for this stock on June 30, 2023, and downed its price target to $17. In a note dated May 08, 2023, Jefferies downgraded an Hold rating on this stock but restated the target price of $17.
The stock price of Frontline Plc [FRO] has been fluctuating between $18.26 and $29.39 over the past year. Currently, Wall Street analysts expect the stock to reach $28.67 within the next 12 months. Frontline Plc [NYSE: FRO] shares were valued at $20.18 at the most recent close of the market. An investor can expect a potential return of 42.07% 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 0.37%, 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 0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.59.
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 19.79 points at the first support level, and at 19.40 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.39, and for the 2nd resistance point, it is at 20.61.
Ratios To Look Out For
It’s worth pointing out that Frontline Plc [NYSE:FRO]’s Current Ratio is 1.38. Also, the Quick Ratio is 0.92, while the Cash Ratio stands at 0.58. Considering the valuation of this stock, the price to sales ratio is 2.27, the price to book ratio is 1.85 and price to earnings (TTM) ratio is 7.56.
