Opinions
The Panic-Proof Portfolio (Stockchase Research)
TORM plc
TRMD-Q
PAST TOP PICK
Oct 24, 2024
$26.960
Stock price when the opinion was issued
Energy
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TOP PICK
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
Our PAST TOP PICK with TRMD has triggered its stop at $28. To remain disciplined, we recommend covering the position at this time.