TORM receives a double requalification that leads to a downgrade to Neutral
TORM (DK), a company active in the Pipelines industry, sees its general evaluation downgraded to Neutral on account of a double requalification. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour has also deteriorated and is evaluated as moderately risky. theScreener believes that the loss of a star(s) and the increased risk justifies the general evaluation downgrade, which passes to Neutral. As of the analysis date January 18, 2022, the closing price was DKK 50.30 and its expected value was estimated at DKK 52.38.TORM is engaged in the business of owning and operating product tankers to transport refined petroleum products.
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