Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Frontline plc (NYSE: FRO) weakened during the last several trading days. FRO’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
Frontline plc (NYSE: FRO) stock closed at $24.26 on 10/11/24 after a slight decline of -0.7%. Trading volume in this decline was normal. The stock has declined -2.1% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
FRO’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Frontline plc has a current Value Trend Rating of C (High Neutral). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Frontline plc has a good Appreciation Score of 73 but a neutral Power Rating of 48, resulting in the High Neutral Value Trend Rating.
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