Euronav (NYSE:EURN)‘s stock had its “hold” rating reissued by Stifel Nicolaus in a research note issued to investors on Wednesday. They currently have a $8.50 price objective on the shipping company’s stock. Stifel Nicolaus’ target price suggests a potential upside of 3.66% from the stock’s previous close.
Several other brokerages also recently commented on EURN. TheStreet downgraded shares of Euronav from a “c-” rating to a “d+” rating in a report on Tuesday, November 14th. Zacks Investment Research raised shares of Euronav from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. BidaskClub raised shares of Euronav from a “sell” rating to a “hold” rating in a report on Friday, October 13th. Finally, ValuEngine raised shares of Euronav from a “sell” rating to a “hold” rating in a report on Monday, October 2nd. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Euronav currently has an average rating of “Hold” and an average target price of $9.00.
Euronav (NYSE EURN) traded down $0.55 on Wednesday, reaching $8.20. 765,091 shares of the company traded hands, compared to its average volume of 500,769. The company has a market cap of $1,416.96, a P/E ratio of 127.14 and a beta of 0.78. Euronav has a 52 week low of $6.90 and a 52 week high of $9.00. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.64 and a current ratio of 1.29.
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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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