Euronav NV (EURN) Receives Analyst Rating

Euronav NV (EURN) : 7 analysts are covering Euronav NV (EURN) and their average rating on the stock is 2.14, which is read as a Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Euronav NV (EURN) : The consensus price target for Euronav NV (EURN) is $10.9 for the short term with a standard deviation of $2.43. The most optimist securities analyst among the 5 who monitor the stock believes that the stock can reach $14, however, the pessimist price target for the company is $9.


Also, Morgan Stanley downgrades its view on Euronav NV (NYSE:EURN) according to the research report released by the firm to its investors. The shares have now been rated Equal-weight by the stock experts at the ratings house. Earlier, the shares had a rating of Overweight. The rating by the firm was issued on August 25, 2016.

Euronav NV (NYSE:EURN): After opening at $8.59, the stock dipped to an intraday low of $8.56 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $8.79 and the buying power remained strong till the end. The stock closed at $8.58 for the day, a gain of 0.12% for the day session. The total traded volume was 478,868. The stocks close on the previous trading day was $8.57.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *