Clarksons Securities believes now is the time to capitalise on cheaper Frontline shares ahead of a tanker rate rebound later this year.
The investment bank said the John Fredriksen company’s stock price is down 10% since hitting NOK 310 ($29) in late May, and was NOK 270.60 on Monday.
“We believe that the current share price is very appealing,” analysts led by Frode Morkedal said.
