JP Morgan Maintains Neutral on Frontline, Lowers Price Target to $22.3
$FRO
Marine Transportation
Consumer Discretionary
JP Morgan analyst Samuel Bland maintains Frontline (NYSE:FRO) with a Neutral and lowers the price target from $23 to $22.3.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/7/2024 | $30.00 | Neutral → Buy | BTIG Research |
| 3/21/2024 | $22.00 → $30.00 | Hold → Buy | Jefferies |
| 1/9/2024 | $17.00 → $26.00 | Hold → Buy | Deutsche Bank |
| 8/25/2023 | $17.00 | Buy → Hold | Deutsche Bank |
| 8/15/2023 | $20.00 | Neutral | JP Morgan |
| 6/30/2023 | $19.00 → $17.00 | Hold → Buy | Deutsche Bank |
| 5/8/2023 | $17.00 | Buy → Hold | Jefferies |
| 9/6/2022 | $11.00 → $16.00 | Hold → Buy | Jefferies |
Reiterates Commitment to Delivering Shareholder Value Provides Important Context Regarding Engagement with Seatankers Recommends Shareholders Vote "FOR" All International Seaways Directors and All Other Proposals at Upcoming Annual Meeting International Seaways, Inc. (NYSE:INSW) (the "Company" or "INSW"), one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products, today issued the following statement in response to the public letter released this morning by Famatown Finance Limited ("Seatankers"). The INSW Board of Directors and management team are committed to delivering value to all INSW shareholders. To that end, we
Regulated information. This press release contains inside information within the meaning of Regulation (EU) no 596/2014 of the European Parliament and the Council of 16 April 2014 on market abuse (Market Abuse Regulation). Frontline plc ("Frontline") (NYSE:FRO), formerly Frontline Ltd., refers to its announcement on July 11, 2022 regarding the combination between Frontline and Euronav NV ("Euronav") and subsequent updates, and announces that it no longer pursues a combination between Frontline and Euronav. Frontline has terminated the combination agreement it entered into with Euronav in this respect. As a result, Frontline will not make a voluntary conditional exchange offer for all
Combination Highlights Transaction structured as a voluntary conditional registered exchange offer initiated by Frontline with an exchange ratio of 1.45 Frontline shares for 1 Euronav share, possibly followed by a squeeze out, with the aim to then propose a merger of Euronav into Frontline to Frontline's and Euronav's shareholders as soon as possible Combines the companies' extensive and complementary platforms and capabilities to shape the new era of sustainable shipping with best-in-class decarbonisation targetsCombined group to be named Frontline; operations to continue in Europe and Asia including Belgium, Norway, UK, Singapore and Greece, with headquarters in CyprusMr. Hugo D
Frontline Ltd. ("Frontline" or the "Company") (NYSE:FRO) announces that a Special General Meeting of Shareholders was held on December 20, 2022, at 8:00 a.m. local time, at Par-la-Ville Place, 4(th) Floor, 14 Par-la-Ville Road, Hamilton, Bermuda. The proposals set out below were all approved by Frontline's shareholders at the Special General Meeting: * * * Increase of Authorized Share Capital To approve an increase of Frontline's authorized share capital from $500,000,000 (divided into 500,000,000 ordinary shares, par value $1.00), to $600,000,000 (divided into 600,000,000 ordinary shares, par value $1.00), by the creation of an additional 100,000,000 ordinary shares, par value $1.00, w
Evercore ISI Group analyst Jonathan Chappell maintains Frontline (NYSE:FRO) with a Outperform and lowers the price target from $33 to $32.
Jefferies analyst Omar Nokta maintains Frontline (NYSE:FRO) with a Buy and maintains $30 price target.
6-K - Frontline plc (0000913290) (Filer)
6-K - Frontline plc (0000913290) (Filer)
6-K - Frontline plc (0000913290) (Filer)
Attendance is complimentary to investors & qualified attendees.1x1 Meetings Available Upon Request. NEW YORK, March 06, 2024 (GLOBE NEWSWIRE) -- Senior executives from leading publicly listed LNG, LPG, Crude oil and Product Tanker shipping companies will participate on panels at Capital Link's 18th Annual International Shipping Forum on Monday, March 11, 2024 at the Metropolitan Club in New York City. Featuring senior executives from shipping and maritime companies, the event is organized in partnership with Citi, and in cooperation with Nasdaq & NYSE, and is known for its large attendance by investors, shipowners and financiers. The Forum features a series of panel discussions as wel
Frontline plc (the "Company" or "Frontline") (NYSE:FRO) today announced that it has entered into an agreement whereby the Company will sell its five oldest VLCCs, built in 2009 and 2010, for an aggregate net sale price of $290 million. The vessels are expected to be delivered to the new owner during the first quarter of 2024. After repayment of existing debt on the vessels, the transaction is expected to generate net cash proceeds of approximately $207 million, and the Company expects to record a gain in the first quarter of 2024 in the range of approximately $68 million to $76 million, depending on the date of delivery of each vessel to the new owner. The sale is subject to certain closing
NEW YORK, Nov. 20, 2023 (GLOBE NEWSWIRE) -- Capital Link will host a complimentary webinar on November 28, 2023, at 10 a.m. Eastern Time on the Tanker shipping sector. REGISTRATIONOnline attendance is complimentary. Please click on the link below to register.https://webinars.capitallink.com/2023/shipping/ FEATURED PANELISTS Paolo d'Amico, Chairman and CEO of d'Amico International Shipping (OTCQX:DMCOF) (Borsa Italiana: DIS)Lars H. Barstad, CEO of Frontline Management AS (NYSE:FRO)Lois K. Zabrocky, CEO of International Seaways, Inc. (NYSE:INSW)Ted C. Petrone, Vice Chairman of Navios Maritime Holdings Inc. (NYSE:NM) Dr. Nikolas P. Tsakos, CEO of Tsakos Energy Navigation (NYSE:TNP) MODER
SC 13G/A - Frontline plc (0000913290) (Subject)
SC 13G/A - Frontline plc (0000913290) (Subject)
SC 13D/A - FRONTLINE LTD / (0000913290) (Subject)
BTIG Research upgraded Frontline from Neutral to Buy and set a new price target of $30.00
Jefferies upgraded Frontline from Hold to Buy and set a new price target of $30.00 from $22.00 previously
Deutsche Bank upgraded Frontline from Hold to Buy and set a new price target of $26.00 from $17.00 previously