Euronav NV (NYSE:EURN) has been assigned a consensus recommendation of “Buy” from the ten brokerages that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $12.00.
Several research analysts have recently issued reports on the company. Zacks Investment Research raised Euronav from a “sell” rating to a “hold” rating in a research note on Tuesday. Evercore ISI reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Euronav in a research note on Monday, August 12th. Finally, ValuEngine downgraded Euronav from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st.
Shares of EURN stock traded up $0.31 on Friday, reaching $7.56. The company had a trading volume of 431,700 shares, compared to its average volume of 366,902. The stock has a market capitalization of $1.69 billion, a PE ratio of -11.63 and a beta of 0.96. The company has a quick ratio of 1.19, a current ratio of 1.53 and a debt-to-equity ratio of 0.69. Euronav has a one year low of $6.77 and a one year high of $10.22. The business’s 50-day moving average is $8.63 and its 200 day moving average is $8.62.
Euronav NV, together with its subsidiaries, engages in the 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 December 12, 2018, it owned and operated a fleet of vessels, including 43 very large crude carriers, 2 ULCCs, 26 Suezmax vessels, and 2 floating, storage, and offloading vessels, as well as 1 LR1s.
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