Opinions
The Panic-Proof Portfolio (Stockchase Research)
TORM plc
TRMD-Q
TOP PICK
Sep 03, 2024
$33.890
Stock price when the opinion was issued
Energy
It's the ideal tool to help you make quicker, more informed decisions for
managing and tracking your investments.
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)