$38.19
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TORM
TRMDNASDAQ
TORM (NASDAQ:TRMD) Stock, Analyst Ratings, Price Targets, Forecasts
TORM PLC has a consensus price target of $30 based on the ratings of 2 analysts. The high is $44 issued by Evercore ISI Group on March 8, 2024. The low is $16 issued by HC Wainwright & Co. on May 12, 2022. The 3 most-recent analyst ratings were released by Evercore ISI Group, HC Wainwright & Co., and HC Wainwright & Co. on March 8, 2024, May 12, 2022, and April 12, 2022, respectively. With an average price target of $24.67 between Evercore ISI Group, HC Wainwright & Co., and HC Wainwright & Co., there's an implied -35.41% downside for TORM PLC from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
Evercore ISI Group
HC Wainwright & Co.
1calculated from analyst ratings
Analyst Ratings for TORM
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 03/08/2024 | Buy Now | 15.21% | Evercore ISI Group | Jonathan Chappell | $42 → $44 | Maintains | Outperform | Get Alert |
| 05/12/2022 | Buy Now | -58.1% | HC Wainwright & Co. | Magnus Fyhr | $14 → $16 | Maintains | Buy | Get Alert |
| 04/12/2022 | Buy Now | -63.34% | HC Wainwright & Co. | Magnus Fyhr | → $14 | Initiates | → Buy | Get Alert |
FAQ
What is the target price for TORM (TRMD) stock?
The latest price target for TORM (NASDAQ:TRMD) was reported by Evercore ISI Group on March 8, 2024. The analyst firm set a price target for $44.00 expecting TRMD to rise to within 12 months (a possible 15.21% upside). 1 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for TORM (TRMD)?
The latest analyst rating for TORM (NASDAQ:TRMD) was provided by Evercore ISI Group, and TORM maintained their outperform rating.
When was the last upgrade for TORM (TRMD)?
There is no last upgrade for TORM
When was the last downgrade for TORM (TRMD)?
There is no last downgrade for TORM.
When is the next analyst rating going to be posted or updated for TORM (TRMD)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of TORM, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for TORM was filed on March 8, 2024 so you should expect the next rating to be made available sometime around March 8, 2025.
Is the Analyst Rating TORM (TRMD) correct?
While ratings are subjective and will change, the latest TORM (TRMD) rating was a maintained with a price target of $42.00 to $44.00. The current price TORM (TRMD) is trading at is $38.19, which is out of the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.