Opinions Jim Cramer - Mad Money
TORM plcTRMDDON'T BUYNov 15, 2023
Jim Cramer - Mad MoneyUnknown
$31.53
Stock price when the opinion was issued
$35.08
As of Sep 11, 2026. Market Open.
Energy
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Stockchase Research Editor: Michael O'Reilly
TRMD operates a fleet of refined product tankers in the UK. Recently reported earnings beat expectations. Cash reserves are growing while debt is retired. The company distributes a large portion of its earnings back as dividends and its current interim yield reflects profits from vessels sold. It trades at 5x earnings, under 2x book and supports a ROE of 39%. We recommend setting a stop-loss at $28, looking to achieve $45 -- upside potential over 30%. Yield 16%
(Analysts’ price target is $44.83)Energy
The yield is too good to be true.