Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
TORM PLC Market Cap
From what 2 stock analysts predict, the share price for TORM PLC (TRMD) might increase by 71.37% in the next year. This is based on a 12-month average estimation for TRMD. Price targets go from $32 to $36. The majority of stock analysts believe TRMD is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
TORM PLC has a total of 2 Wall St Analyst ratings. There are 2 buy ratings, 0 ratings, and 0 sell ratings. Since most analysts have a buy consensus rating, the expectation is that TORM PLC will outperform the market. Investors shouldn't rely purely on analyst ratings; we encourage investors to also take a look at the fundamental and technical analysis in their due diligence.
These are the latest 20 analyst ratings of TRMD.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
Jefferies | Buy | $32 | Maintains | Nov 14, 2024 |
| Jonathan Chappell Evercore ISI Group | Outperform | $48 | Maintains | Jul 23, 2024 |
| Jonathan Chappell Evercore ISI Group | Outperform | $44 | Maintains | Mar 8, 2024 |
| Magnus Fyhr HC Wainwright & Co. | Buy | $16 | Maintains | May 12, 2022 |
HC Wainwright & Co. | Buy | Initiates | Apr 12, 2022 |
When did it IPO
2018
Staff Count
579
Country
United Kingdom
Sector/Industry
Energy/Oil & Gas Midstream
CEO
Mr. Jacob Balslev Meldgaard
Market Cap
$1.93B
In 2023, TRMD generated $1.52B in revenue, which was a increase of 5.34% from the previous year. This can be seen as a signal that TRMD's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Fri, 29 Nov 2024
Sentiment - POSITIVE
Source - Seeking Alpha
Summary - Eleven of the 35 Dividend Power Dogs are deemed safe buys due to strong cash-flow yields. Analysts expect top ten DiviPower stocks to gain 55.4% to 108.51% by November 2025.
Why It Matters - High free cash-flow yields indicate financial stability in the recommended Dividend Power Dogs, suggesting strong returns and resilience, appealing to investors seeking reliable income and growth.
Wed, 20 Nov 2024
Sentiment - NEGATIVE
Source - Seeking Alpha
Summary - A 30% decline follows a Strong Buy recommendation amid negative market fundamentals from refinery maintenance and increased vessel supply. Monitor crude fleet dynamics impacting rates.
Why It Matters - The 30% decline signals potential volatility. Negative market fundamentals and increased vessel supply could impact pricing and profitability in the sector, affecting investment decisions.
Tue, 19 Nov 2024
Sentiment - POSITIVE
Source - The Motley Fool
Summary - The news excerpt suggests that while initial assessments may seem valid, deeper analysis is necessary for a complete understanding of the situation.
Why It Matters - Surface-level analysis can mislead investors. Deeper insights are crucial for informed decision-making and understanding market dynamics that impact investments.
Fri, 15 Nov 2024
Sentiment - POSITIVE
Source - Benzinga
Summary - The energy sector has identified several oversold stocks, indicating potential investment opportunities in undervalued companies.
Why It Matters - Oversold stocks in the energy sector signal potential for price recovery, offering investors a chance to capitalize on undervalued assets for future gains.
Tue, 12 Nov 2024
Sentiment - NEUTRAL
Source - Seeking Alpha
Summary - TORM plc reported 3Q24 results with a 3.9% YoY revenue increase and a 4.8% rise in net income. The company has a 59.4% debt-to-equity ratio and acquired eight MR tankers, taking delivery of six.
Why It Matters - TORM plc's revenue and net income growth amidst weaker seasonality signals resilience. High debt levels raise risk, while the acquisition strategy could enhance future earnings potential.
Thu, 07 Nov 2024
Sentiment - NEUTRAL
Source - Seeking Alpha
Summary - TORM plc (NASDAQ: TRMD) will hold its Q3 2024 earnings conference call on November 7, 2024, at 9:00 AM ET, featuring CEO Jacob Meldgaard and CFO Kim Balle.
Why It Matters - TORM plc's Q3 earnings call provides insights into its financial performance and strategic direction, influencing stock valuation and investor sentiment.
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