In a report released on October 30, Peter Christensen from Cleaves Securities downgraded Euronav (EURN – Research Report) to a Hold, with a price target of $19.00. The company’s shares opened today at $17.84.
According to TipRanks, Christensen is a top 100 analyst with an average return of 30.7% and a 67.54% success rate. Christensen covers the Energy sector, focusing on stocks such as DHT Holdings, Frontline, and Nordic American Tanker.
Currently, the analyst consensus on Euronav is a Moderate Buy with an average price target of $19.81, implying an 11.04% upside from current levels. In a report released yesterday, J.P. Morgan also downgraded the stock to a Hold with a €17.45 price target.
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The company has a one-year high of $17.95 and a one-year low of $10.93. Currently, Euronav has an average volume of 1.9M.
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Euronav (EURN) Company Description:
Euronav NV engages in the transportation and storage of crude oil. It operates through the Tankers and FpSO (Floating Production, Storage, and Offloading Operation) segments. The Tankers segment provides shipping services for crude oil seaborne transportation. The FpSO segment receives hydrocarbon fluids pumped by nearby offshore platforms and provides field storage. Its activities include crew, ship, and fleet management services. The company was founded in 1989 and is headquartered in Antwerp, Belgium.
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