Kepler Capital Analyst Maintains Sell Rating on Torm, Sets Price Target of DKK92.00

Kepler Capital analyst Axel Styrman maintained a Sell rating on Torm with a price target of DKK92.00. Styrman has an average return of -5.5% and a 37.50% success rate, covering stocks such as Frontline, Euronav, and Torm. The analyst consensus on Torm is a Hold with an average price target of $19.04.

Title: Kepler Cheuvreux Lowers Price Target for TORM PLC

Kepler Capital analyst Axel Styrman has maintained a Sell rating on TORM PLC, adjusting the price target down to DKK92.00 from the previous DKK107.00. This move reflects a more cautious outlook on the company's performance, as indicated by the revised target price. Despite the change, Kepler Cheuvreux continues to advise investors to reduce their holdings in TORM [2].

TORM PLC, a United Kingdom-based shipping company, owns and operates a fleet of product tankers, primarily transporting refined oil products such as gasoline, jet fuel, and naphtha. The company's wholly owned fleet of around 90 vessels is configured to move energy and clean petroleum products from refineries to their customers. The company's segments include the Tanker segment and the Marine Exhaust segment, focusing on developing and producing advanced and green marine equipment [1].

The analyst consensus on TORM is a Hold with an average price target of $19.04. Despite the recent earnings reports showing a decline in Time Charter Equivalent Earnings and a fall in the 2025 outlook, TORM has managed to maintain a stable dividend, recently declaring a $0.40/share interim dividend [3].

TORM's stock has shown mixed performance, with a 1-day change of +5.93%, a 1-week change of +1.95%, and a 1-month change of +13.20%. The stock has experienced a 3-year change of +7.12% and a 5-year change of -7.12%. The current year-to-date change is -7.66%, indicating a slight decline in the stock's value [1].

Kepler Cheuvreux's decision to lower the price target reflects a broader market sentiment and the company's recent earnings reports. Investors should closely monitor TORM's financial performance and the analyst's future recommendations to make informed investment decisions.

References
[1] https://www.marketscreener.com/quote/stock/TORM-PLC-27114630/
[2] https://www.marketscreener.com/news/kepler-cheuvreux-lowers-price-target-for-torm-to-92-danish-kroner-107-reiterates-reduce-ce7c51dedb8df124
[3] https://seekingalpha.com/news/4485478-torm-declares-0_40-dividend