Euronav (NYSE:EURN) Lowered to “Hold” at ValuEngine
ValuEngine lowered shares of Euronav (NYSE:EURN) from a buy rating to a hold rating in a research report sent to investors on Wednesday, January 2nd.
EURN has been the subject of a number of other reports. TheStreet downgraded Euronav from a c- rating to a d+ rating in a research report on Friday, December 21st. DNB Markets cut Euronav from a buy rating to a hold rating in a report on Friday, November 30th. Zacks Investment Research cut Euronav from a buy rating to a hold rating in a report on Friday, November 2nd. Jefferies Financial Group initiated coverage on Euronav in a report on Monday, October 1st. They set a buy rating and a $11.00 target price for the company. Finally, BTIG Research initiated coverage on Euronav in a report on Thursday, September 27th. They set a buy rating and a $12.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Euronav currently has an average rating of Buy and a consensus target price of $10.25.
Shares of EURN traded down $0.05 during midday trading on Wednesday, reaching $7.67. The company had a trading volume of 195,469 shares, compared to its average volume of 323,809. Euronav has a 1-year low of $6.77 and a 1-year high of $10.10. The company has a market capitalization of $1.25 billion, a PE ratio of -85.22 and a beta of 0.68.
Euronav (NYSE:EURN) last issued its earnings results on Wednesday, October 31st. The shipping company reported ($0.....