TORM PLC has a consensus price target of $32 based on the ratings of 2 analysts. The high is $48 issued by Evercore ISI Group on July 23, 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, Evercore ISI Group, and HC Wainwright & Co. on July 23, 2024, March 8, 2024, and May 12, 2022, respectively. With an average price target of $36 between Evercore ISI Group, Evercore ISI Group, and HC Wainwright & Co., there's an implied 3.63% upside for TORM PLC from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for TORM (NASDAQ:TRMD) was reported by Evercore ISI Group on July 23, 2024. The analyst firm set a price target for $48.00 expecting TRMD to rise to within 12 months (a possible 38.17% upside). 2 analyst firms have reported ratings in the last year.
The latest analyst rating for TORM (NASDAQ:TRMD) was provided by Evercore ISI Group, and TORM maintained their outperform rating.
There is no last upgrade for TORM
There is no last downgrade for TORM.
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 July 23, 2024 so you should expect the next rating to be made available sometime around July 23, 2025.
While ratings are subjective and will change, the latest TORM (TRMD) rating was a maintained with a price target of $45.00 to $48.00. The current price TORM (TRMD) is trading at is $34.74, which is out of the analyst’s predicted range.
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