Jefferies Maintains Hold Rating for Frontline: Here's What You Need To Know

Jefferies has decided to maintain its Hold rating of Frontline FRO and raise its price target from $17.00 to $19.00.

Shares of Frontline are trading up 2.65% over the last 24 hours, at $19.77 per share.

A move to $19.00 would account for a 3.89% decrease from the current share price.

About Frontline

Frontline Plc is an international shipping company engaged in the seaborne transportation of crude oil and oil products. Group operates through the tankers segment. The tankers segment includes crude oil tankers and product tankers. Its geographical area of operation includes Arabian Gulf, West African, the North Sea, and the Caribbean. Frontline earns revenue through voyage charters, time charters, and a finance lease. It is also involved in the charter, purchase, and sale of vessels.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.