UBS Downgrades Euronav NV Ordinary Shares to Neutral with Price Target $9.50

Brokerage firm UBS Downgrades its rating on Euronav NV Ordinary Shares(NYSE:EURN). In a research note issued to the investors, the brokerage major Lowers the price-target to $9.50 per share. The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by UBS was issued on Jul 26, 2016.

In a different note, On May 4, 2016, Seaport Global said it Assumes its rating on Euronav NV Ordinary Shares. The shares have been rated ‘Buy’ by the firm.

Euronav NV Ordinary Shares (EURN) made into the market gainers list on Fridays trading session with the shares advancing 0.23% or 0.02 points. Due to strong positive momentum, the stock ended at $8.66, which is also near the day’s high of $8.68. The stock began the session at $8.62 and the volume stood at 4,90,230 shares. The 52-week high of the shares is $16.39 and the 52 week low is $8.48. The company has a current market capitalization of $1,379 M and it has 15,92,08,950 shares in outstanding.

Euronav NV Ordinary Shares(EURN) last announced its earnings results on Apr 27, 2016 for Fiscal Year 2016 and Q1.Earnings per share were $0.72.

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