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Enter Symbol:
Frontline Ltd. (FRO) [hlAlert]

Sell FRO
up 89.01 %

Frontline Ltd. (FRO) downgraded to Sell with price target $2 by Deutsche Bank

Posted on: Wednesday,  May 30, 2012  12:25 PM ET by Deutsche Bank

Deutsche Bank rated Sell Frontline Ltd. (NYSE: FRO) on 05/30/2012, when the stock price was $4.82. Since
then, Frontline Ltd. has lost 47.10% as of 01/14/2016's recent price of $2.55.
If you would have followed this Deutsche Bank's recommendation on FRO, you would have gained 89.01% of your investment in 1324 days.

Frontline Ltd. (Frontline) is engaged primarily in the ownership and operation of oil tankers, including oil/bulk/ore (OBO) carriers. The Company operates tankers of two sizes: very large crude carriers (VLCCs), which are between 200,000 and 320,000 deadweight tons (dwt), and Suezmaxes, which are vessels between 120,000 and 170,000 dwt. As of February 28, 2009, the Company operated a tanker fleet consisting of 83 vessels. The fleet consists of 41 VLCCs, which are either owned or chartered in, 30 Suezmax tankers, which are either owned or chartered in, eight Suezmax OBOs, which are chartered in, and four VLCCs under its commercial management. In January 2008, the Company established Independent Tankers Corporation Limited (ITCL), as a wholly owned subsidiary for the purpose of holding, by way of contribution, its interests in Independent Tankers Corporation (ITC). In February 2008, Frontline spun off 17.53% of its holding in ITCL to its shareholders.

Deutsche Bank is one of the largest European fund managers. DWS was founded in 1956 and is an integral part of the Asset Management division of Deutsche Bank. This division is one of the largest global asset managers.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/30/2012 12:25 PM Sell
4.82 2.00
as of 12/31/2012
1 Week up  1.80 %
1 Month up  1.21 %
3 Months up  15.10 %
1 YTD up  32.36 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/7/2011 12:25 PM Hold
4.52 5.00
8/2/2011 1:25 PM Buy
9.89 16.00
10/27/2010 1:25 PM Buy
27.13 33.00
1/12/2010 1:44 PM Hold

(*) Stock Price at the time of the recommendation.
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