Frontline Plc (FRO) stock forecast: Can it reach its 52-week high of $29.39

A share price of Frontline Plc [FRO] is currently trading at $13.78, down -0.36%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The FRO shares have lost -3.09% over the last week, with a monthly amount drifted -31.71%, 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 December 12, 2024, when Kepler downgraded its rating to a Hold but kept the price target unchanged to $15.83 for it. Previously, BTIG Research upgraded its rating to Buy on October 07, 2024, and kept the price target unchanged to $30. On March 21, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $30 on the stock. Deutsche Bank upgraded its rating to a Buy and increased its price target to $26 on January 09, 2024. Deutsche Bank downgraded its rating to a Hold but $17 remained the price target by the analyst firm on August 25, 2023. JP Morgan started tracking with a Neutral rating for this stock on August 15, 2023, and assigned it a price target of $20. In a note dated June 30, 2023, Deutsche Bank upgraded an Buy rating on this stock and revised its target price from $19 to $17.

Frontline Plc experienced fluctuations in its stock price throughout the past year between $13.41 and $29.39. Currently, Wall Street analysts expect the stock to reach $27.5 within the next 12 months. Frontline Plc [NYSE: FRO] shares were valued at $13.78 at the most recent close of the market. An investor can expect a potential return of 99.56% based on the average FRO price forecast.

Analyzing the FRO fundamentals

Trailing Twelve Months sales for Frontline Plc [NYSE:FRO] were 2.04B which represents 30.03% growth. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at 0.37%, Pretax Profit Margin comes in at 0.27%, and Net Profit Margin reading is 0.27%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.23 and Total Capital is 0.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.61.

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 13.63 points at the first support level, and at 13.48 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.04, and for the 2nd resistance point, it is at 14.29.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Frontline Plc [NYSE:FRO] is 1.43. As well, the Quick Ratio is 1.43, while the Cash Ratio is 0.59. Considering the valuation of this stock, the price to sales ratio is 1.50, the price to book ratio is 1.31 and price to earnings (TTM) ratio is 5.61.

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