Euronav NV Ordinary Shares (NASDAQ:EURN) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: January 11, 2017
Zacks Investment Research has downgraded Euronav NV Ordinary Shares (NASDAQ:EURN) to Sell in a report released on Wednesday January 11, 2017.
Previously on Tuesday January 03, 2017, Deutsche Bank AG reported about Euronav NV Ordinary Shares (NASDAQ:EURN) raised the target price from $8.50 to $10.00. At the time, this indicated a possible upside of 0.26%.
Yesterday Euronav NV Ordinary Shares (NASDAQ:EURN) traded 0.61% higher at $8.30. The company’s 50-day moving average is $7.65 and its 200-day moving average is $8.21. The last stock close price is up 1.08% from the 200-day moving average, compared to the S&P 500 which has decreased -0.05% over the same time. 855,026 shares of the stock were exchanged, up from an average trading volume of 821,160
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Euronav NV Ordinary Shares has a 52 week low of $6.65 and a 52 week high of $12.42 with a P/E ratio of 5.09 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 16 brokers have issued a research note on the company. The average stock price target is $14.61 with 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About Euronav NV Ordinary Shares (NASDAQ:EURN)
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 March 24, 2016, it owned and operated a fleet of 55 vessels, including 30 very large crude carriers, 1 ultra large crude carrier, 22 Suezmax vessels, and 2 floating, storage, and offloading vessels. The company was incorporated in 2003 and is headquartered in Antwerp, Belgium.
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