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Opinions The Panic-Proof Portfolio (Stockchase Research)
TORM plcTRMDTOP PICKSep 03, 2024
$33.89
Stock price when the opinion was issued
$30.05
As of Jun 15, 2026. Market Open.
Energy
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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)