Evercore ISI raises TORM price target to $37

0 min read | Published on 22 Jul 2026, 11:54 PM |Updated on 22 Jul 2026, 11:54 PM

Reviewed by

Radhika SScanX News Team

Key Highlights

Evercore ISI Group analyst Jonathan Chappell maintained an Outperform rating on TORM and increased the price target to $37 from $35.

*this image is generated using AI for illustrative purposes only.

Evercore ISI Group analyst Jonathan Chappell has maintained an Outperform rating on TORM, raising the price target to $37 from $35. The adjustment reflects a revised valuation outlook for the company. TORM is listed on NASDAQ under the ticker TRMD. The previous target was $35.

What factors are driving the revised valuation outlook for TORM?

How might TORM's performance be impacted by current trends in the shipping industry?

What are the potential risks to achieving the new $37 price target?

Oaktree entity holds 19.86% stake in TORM plc

0 min read | Published on 24 Jun 2026, 09:58 PM |Updated on 24 Jun 2026, 09:58 PM

Reviewed by

Riya DScanX News Team

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Key Highlights

Oaktree Capital Group Holdings GP, LLC disclosed that OCM Njord Holdings S.à r.l. holds 20,329,874 shares in TORM plc, representing 19.86% of total share capital and voting rights. The announcement was made in accordance with section 30 of the Danish Capital Markets Act. TORM plc is a leading carrier of refined oil products listed on Nasdaq in Copenhagen and New York.

*this image is generated using AI for illustrative purposes only.

Oaktree Capital Group Holdings GP, LLC has disclosed that OCM Njord Holdings S.à r.l. holds a significant stake in TORM plc, amounting to 20,329,874 shares. This corresponds to 19.86% of the total share capital and total voting rights in the company. The announcement was made in accordance with section 30 of the Danish Capital Markets Act.

TORM plc is a leading carrier of refined oil products, operating a fleet of product tanker vessels with a focus on safety and environmental responsibility. Founded in 1889, the company conducts business worldwide. Its shares are listed on Nasdaq in Copenhagen and Nasdaq in New York under the tickers TRMD A and TRMD.

The disclosure highlights the substantial interest held by the Oaktree-affiliated entity in TORM plc. The following table summarizes the shareholding details:

Shareholder	Shares Held	Percentage of Total Share Capital and Voting Rights
OCM Njord Holdings S.à r.l.	20,329,874	19.86%

Mikael Bo Larsen, Head of Investor Relations at TORM plc, is the designated contact for further inquiries regarding this announcement. The company continues to operate globally, maintaining its commitment to customer service and operational excellence.

Will Oaktree Capital seek board representation or influence strategic decisions at TORM given their significant stake?

How might this investment impact TORM's future capital allocation strategies, including dividend policies or fleet expansion?

Could this stake signal a potential takeover bid or restructuring of TORM's operations by Oaktree?