BTIG Reiterates Buy Rating on Frontline plc, Sets $55 Price Target
BTIG maintains its buy rating on Frontline plc, targeting $55 for the stock, a 42.97% upside from the current price.
Key Points
- BTIG reiterated its buy rating on Frontline plc, setting a new price target of $55 on June 24, 2026.
- BTIG's $55 price target implies 42.97% upside from Frontline plc's ($FRO) current $38.47 share price.
- Frontline plc traded at $42.88 on Wednesday, with a market cap of about $9.26 billion and a P/E ratio of 10.24.
- Arrowstreet Capital increased its stake in Frontline by 4,659.9%, holding over 5.78 million shares valued at $202.08 million.
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BTIG has reiterated its buy rating on Frontline plc (NYSE: FRO), setting a new price target of $55. This update came from analyst Gregory Lewis on June 24, 2026. Shares of Frontline traded at $42.88 on the same day.
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Other Institutional Activity in Frontline plc
Arrowstreet Capital, Limited Partnership significantly increased its stake in Frontline, adding 5,662,172 shares for a total of 5,783,681 shares, valued at approximately $202.08 million, marking a 4,659.9% increase. Vanguard Capital Management LLC opened a new position with 4,501,505 shares worth about $158.16 million. Two Sigma Investments, LP boosted its holdings by 2,389,275 shares, reaching a total of 3,158,733 shares valued at $110.11 million, a 310.5% increase. JPMorgan Chase & Co increased its shares by 2,442,166, ending with 2,866,187 shares valued at $95.70 million, a 576% rise. Barclays PLC added 1,700,816 shares, bringing its total to 2,527,159 shares worth $88.10 million, a 205.8% increase.
Frontline plc Stock Down 12.9%
Shares of Frontline plc traded near $42.88 on Wednesday. The company, with a market cap of approximately $9.26 billion, has a P/E ratio of 10.24 and a forward P/E of 11.83. Its beta is a low 0.022, indicating relatively low volatility compared to the market. The stock's 52-week range is between $16.25 and $41.87, with a 50-day moving average of $36.60 and a 200-day moving average of $29.15. The company maintains a current ratio of 2.034 and a debt-to-equity ratio of 92.619.
$FRO price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Frontline reported revenue of $2.25 billion, with a revenue growth rate of 66.9%. The company achieved a net margin of 40.2% and a return on equity of 35.0%. Earnings per share came in at $4.06. The next earnings report is expected on August 31, 2026.
Dividend
Frontline pays an annual dividend of $3.13, yielding 7.65% with a payout ratio of 43.35%.
Analysts Set New Price Targets
On June 24, 2026, BTIG maintained its buy rating on Frontline with a $55 price target. Earlier, on April 22, 2026, Evercore ISI Group downgraded the stock to hold with a $38 target. BTIG has consistently maintained a buy rating, with previous targets set at $45, $42, and $35. The consensus rating is buy, with an average target price of $41.75 based on four analyst opinions.
About Frontline plc
Frontline plc is a shipping company based in Limassol, Cyprus, engaged in the ownership and operation of oil and product tankers. It operates a fleet of 80 vessels, including very large crude carriers, Suezmax tankers, and LR2/Aframax tankers. Founded in 1985, the company is led by CEO Lars H. Barstad and employs 85 people.
Bottom Line
BTIG's reiteration of a buy rating and a $55 target reflects confidence in Frontline's prospects. The stock's performance is closely monitored by investors, given its strategic position in the oil and gas shipping industry. As always, remember that analyst ratings and 13F filings are backward-looking and may not reflect current conditions.
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