Alert: New Earnings Report (11/30/23)-Frontline plc (NYSE: FRO).



Recent Price Action

Frontline plc (NYSE: FRO) stock closed at $19.88 on 11/30/23 after a large decline of -6.1%. Moreover, trading volume in this decline was exceptionally high at 251% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -10.2% during the last week.

Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, FRO is expected to continue to be a major Value Builder.

Frontline plc has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Frontline plc has a good Appreciation Score of 82 and a very high Power Rating of 97, producing the Highest Value Trend Rating.

Rating Review

In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.

About John Lafferty 125632 Articles
During his career, John has developed valuation and stock rating methodologies, managed institutional portfolios and mutual funds, and provided equity research to institutional investors on thousands of companies. He has been Director of Research at PTR since its inception in 2004.

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