Shares of Euronav NV (NYSE:EURN) have earned an average recommendation of “Buy” from the thirteen analysts that are covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $10.34.
Several brokerages have recently weighed in on EURN. Zacks Investment Research downgraded Euronav from a “buy” rating to a “hold” rating in a research note on Friday, November 2nd. ValuEngine raised Euronav from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 30th. DNB Markets downgraded Euronav from a “buy” rating to a “hold” rating in a research note on Friday, November 30th. Jefferies Financial Group began coverage on Euronav in a research note on Monday, October 1st. They set a “buy” rating and a $11.00 target price for the company. Finally, BTIG Research began coverage on Euronav in a research note on Thursday, September 27th. They set a “buy” rating and a $12.00 target price for the company.
Shares of EURN stock traded up $0.17 during trading hours on Monday, hitting $8.43. 385,618 shares of the company’s stock were exchanged, compared to its average volume of 465,759. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.51 and a quick ratio of 1.49. The company has a market cap of $1.32 billion, a price-to-earnings ratio of -93.67 and a beta of 0.33. Euronav has a fifty-two week low of $7.50 and a fifty-two week high of $10.10.
Euronav NV, together with its subsidiaries, engages in 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 March 19, 2018, it owned and operated a fleet of 53 vessels, including 28 very large crude carriers, 1 V-Plus vessel, 22 Suezmax vessels, and 2 floating, storage, and offloading vessels, as well as 4 Suezmax vessels under construction.
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