TORM plc (TRMD-Q)
NASDAQ:TRMD
16.49
0.28
(1.73%) 1d
Financials
Technical Analysis
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This summary was created by AI, based on 2 opinions in the last 12 months.
TORM plc, symbol TRMD-Q, has garnered attention from analysts, particularly Michael O'Reilly of Stockchase Research, who noted a recent downturn of 17.3% since being labeled a top pick. While the stock's stop-loss has been triggered at $28, suggesting a need for caution, the company's operational fundamentals remain strong. TRMD operates a fleet of refined product tankers and has recently reported earnings that surpassed expectations. With a growing cash reserve and a commitment to returning profits to shareholders through dividends, the stock is seen as a strong performer with a notable yield of 16%. Analysts are optimistic, projecting a target price of $44.83, which implies significant upside potential from the current levels despite recent volatility.
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%
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TORM plc(TRMD-Q) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 1
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 1
TORM plc(TRMD-Q) Frequently Asked Questions
What is TORM plc stock symbol?
TORM plc is a American stock, trading under the symbol TRMD-Q on the NASDAQ (TRMD). It is usually referred to as NASDAQ:TRMD or TRMD-Q
Is TORM plc a buy or a sell?
In the last year, 1 stock analyst published opinions about TRMD-Q. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for TORM plc.
Is TORM plc a good investment or a top pick?
TORM plc was recommended as a Top Pick by on . Read the latest stock experts ratings for TORM plc.
Why is TORM plc stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is TORM plc worth watching?
1 stock analyst on Stockchase covered TORM plc In the last year. It is a trending stock that is worth watching.
What is TORM plc stock price?
On 2025-05-09, TORM plc (TRMD-Q) stock closed at a price of $16.49.
Our PAST TOP PICK with TRMD has triggered its stop at $28. To remain disciplined, we recommend covering the position at this time.