Leadership Transition: TORM plc has appointed Simon Mackenzie Smith as the new Chair of the Board, succeeding Chris Boehringer who held the position since 2015, aiming to ensure governance continuity and long-term value creation for the company.
Experienced Successor: Simon Mackenzie Smith brings 35 years of corporate finance and investment banking experience, having served as Chair of Corporate and Investment Banking UK and Ireland at Bank of America Merrill Lynch, which is expected to provide strategic guidance and industry insights to TORM.
Commitment to Sustainable Growth: During Chris Boehringer's tenure, TORM strengthened its financial position and developed the One TORM platform, indicating the company's ongoing efforts to maintain its market-leading position and commitment to shareholders.
Future Outlook: The new Chair has expressed a focus on delivering long-term value for customers and shareholders, indicating TORM's continued dedication to enhancing its market position in the refined oil products transportation sector.
TRMD
$20.09+Infinity%1D
Analyst Views on TRMD
Wall Street analysts forecast TRMD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TRMD is 20.81 USD with a low forecast of 13.79 USD and a high forecast of 26.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
Wall Street analysts forecast TRMD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TRMD is 20.81 USD with a low forecast of 13.79 USD and a high forecast of 26.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Buy
1 Hold
1 Sell
Hold
Current: 20.470
Low
13.79
Averages
20.81
High
26.00
Current: 20.470
Low
13.79
Averages
20.81
High
26.00
Fearnley
Fredrik Dybwad
Hold
to
Buy
upgrade
DKK 172
2025-11-13
Reason
Fearnley
Fredrik Dybwad
Price Target
DKK 172
2025-11-13
upgrade
Hold
to
Buy
Reason
Fearnley analyst Fredrik Dybwad upgraded Torm plc to Buy from Hold with a DKK 172 price target.
Fearnley
Buy
to
Hold
downgrade
DKK 146
2025-09-03
Reason
Fearnley
Price Target
DKK 146
2025-09-03
downgrade
Buy
to
Hold
Reason
Fearnley downgraded Torm plc to Hold from Buy with a DKK 146 price target.
Pareto
Buy
to
Hold
downgrade
DKK 21
2025-08-19
Reason
Pareto
Price Target
DKK 21
2025-08-19
downgrade
Buy
to
Hold
Reason
Pareto downgraded Torm plc to Hold from Buy with a DKK 21 price target. The firm cites valuation for the downgrade following the stock's strong performance.
Evercore ISI
Jonathan Chappell
Outperform
maintain
$22 -> $23
2025-08-14
Reason
Evercore ISI
Jonathan Chappell
Price Target
$22 -> $23
2025-08-14
maintain
Outperform
Reason
Evercore ISI analyst Jonathan Chappell raised the firm's price target on Torm plc to $23 from $22 and keeps an Outperform rating on the shares. Q2 adjusted EPS came in slightly below the firm's forecast, but the Q3-to-date spot rates across Torm's three asset classes are all tracking well above expectations, the analyst tells investors. The product tanker market is "finally showing some strengthening ahead of the seasonal strong period," the analyst added in a post-earnings note.
About TRMD
TORM plc is a United Kingdom-based shipping company. The Company owns and operates a fleet of product tankers. The Company’s segments include the Tanker segment, for which the services provided primarily comprise transportation of refined oil products, such as gasoline, jet fuel, and naphtha, and the Marine Engineering segment, for which the services provided primarily comprise developing and producing advanced and green marine equipment. Its wholly owned fleet of around 90 vessels is specifically configured to move energy and clean petroleum products from refineries to their customers. With vessels varying in size from 45,000 - 115,000 deadweight tonnage (DWT), it offers a range of product tankers. It is present in all large vessel classes in the product tanker market, with specific focus on the LR2, LR1, and MR vessel classes. Its vessels include TORM Hannah, TORM Hellerup, TORM Helene, TORM Hermia, TORM Signe, TORM Elizabeth, TORM Elise, TORM India, TORM Lilly, among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
