Euronav (EURN) Trading Up 7.7%
Euronav NV (NYSE:EURN) was up 7.7% during trading on Monday . The company traded as high as $8.40 and last traded at $8.35. Approximately 572,668 shares were traded during trading, a decline of 31% from the average daily volume of 832,640 shares. The stock had previously closed at $7.75.
A number of equities research analysts recently commented on EURN shares. Stifel Nicolaus set a $8.00 price target on shares of Euronav and gave the company a “hold” rating in a research note on Sunday, October 29th. Zacks Investment Research upgraded shares of Euronav from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. TheStreet lowered shares of Euronav from a “c-” rating to a “d+” rating in a research note on Tuesday, November 14th. Deutsche Bank set a $10.00 price target on shares of Euronav and gave the company a “buy” rating in a research note on Thursday, December 21st. Finally, UBS Group upped their price target on shares of Euronav from $8.75 to $9.25 and gave the company a “neutral” rating in a research note on Friday, January 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. Euronav has a consensus rating of “Hold” and an average price target of $9.35.
The stock has a market capitalization of $1,233.87, a P/E ratio of 39.76 and a beta of 0.56.
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Euronav Company Profile
Euronav NV, together with its subsidiaries, owns, operates, and manages a fleet of vessels for the ocean transportation and storage of crude oil and petroleum products worldwide. The company operates through two segments, Tankers; and Floating Production, Storage, and Offloading Operations. As of April 4, 2017, it owned and operated a fleet of 55 double hulled vessels, including 31 very large crude carriers, 1 V-Plus vessel, 19 Suezmax vessels, and 2 floating, storage, and offloading vessels, as well as 2 Suezmax vessels under construction.
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