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An update from Torm ( (TRMD) ) is now available.
On September 9, 2025, TORM plc clarified that the City Code on Takeovers and Mergers does not apply to the company due to its central management being outside the UK, Channel Islands, and Isle of Man. However, it remains subject to Danish capital market rules. This clarification follows discussions with the UK’s Panel on Takeovers and Mergers, related to Hafnia Limited’s potential acquisition of TORM shares from Oaktree Capital Management.
The most recent analyst rating on (TRMD) stock is a Sell with a DKK92.00 price target. To see the full list of analyst forecasts on Torm stock, see the TRMD Stock Forecast page.
More about Torm
TORM is a leading global carrier of refined oil products, operating a fleet of product tanker vessels with a strong focus on safety, environmental responsibility, and customer service. Founded in 1889, TORM conducts business worldwide and is listed on Nasdaq in Copenhagen and New York.
Average Trading Volume: 263,057
Current Market Cap: DKK14.03B
For an in-depth examination of TRMD stock, go to TipRanks’ Overview page.