Euronav (NYSE:EURN – Get Free Report) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Thursday.
A number of other analysts also recently commented on EURN. Jefferies Financial Group reiterated a “hold” rating and issued a $18.00 price objective on shares of Euronav in a research report on Wednesday. Deutsche Bank Aktiengesellschaft downgraded Euronav from a “buy” rating to a “hold” rating and set a $17.86 price objective for the company. in a research report on Tuesday, February 6th. Finally, JPMorgan Chase & Co. raised their price objective on Euronav from $17.86 to $21.70 and gave the stock a “neutral” rating in a research report on Friday, February 23rd. Seven equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $19.18.
Check Out Our Latest Research Report on EURN
Euronav Stock Performance
Hedge Funds Weigh In On Euronav
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Blue Trust Inc. bought a new position in Euronav in the 4th quarter valued at $29,000. Huntington National Bank bought a new position in Euronav in the 3rd quarter valued at $33,000. Headlands Technologies LLC raised its position in Euronav by 117.2% in the 1st quarter. Headlands Technologies LLC now owns 2,352 shares of the shipping company’s stock valued at $39,000 after purchasing an additional 1,269 shares during the last quarter. Covestor Ltd raised its position in Euronav by 177.1% in the 3rd quarter. Covestor Ltd now owns 2,505 shares of the shipping company’s stock valued at $41,000 after purchasing an additional 1,601 shares during the last quarter. Finally, Tucker Asset Management LLC bought a new position in Euronav in the 4th quarter valued at $79,000.
Euronav Company Profile
Euronav NV, together with its subsidiaries, engages in the transportation and storage of crude oil worldwide. The company offers floating, storage, and offloading (FSO) services. It also owns and operates a fleet of vessels. The company was incorporated in 2003 and is headquartered in Antwerp, Belgium.
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