Euronav NV (NYSE:EURN) had its target price boosted by equities research analysts at Citigroup Inc. from $9.00 to $11.00 in a research note issued to investors on Thursday, StockTargetPrices.com reports. The brokerage currently has a “buy” rating on the stock. Citigroup Inc.’s target price indicates a potential upside of 33.98% from the company’s current price.
Other equities research analysts have also recently issued research reports about the stock. Wells Fargo & Co. assumed coverage on shares of Euronav NV in a report on Thursday, August 25th. They issued an “outperform” rating on the stock. Morgan Stanley cut shares of Euronav NV from an “overweight” rating to an “equal weight” rating in a report on Thursday, August 25th. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $13.33.
Euronav NV (NYSE:EURN) opened at 8.21 on Thursday. Euronav NV has a 1-year low of $7.39 and a 1-year high of $16.23. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 3.95 and a beta of 0.84. The company has a 50-day moving average of $8.52 and a 200-day moving average of $9.47.
Several large investors have recently bought and sold shares of EURN. Bayesian Capital Management LP purchased a new stake in Euronav NV during the first quarter worth approximately $118,000. Edmond DE Rothschild Holding S.A. increased its position in shares of Euronav NV by 55.5% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 53,275 shares of the company’s stock worth $545,000 after buying an additional 19,015 shares during the period. BB&T Securities LLC increased its position in shares of Euronav NV by 3.0% in the first quarter. BB&T Securities LLC now owns 54,957 shares of the company’s stock worth $562,000 after buying an additional 1,619 shares during the period. A.R.T. Advisors LLC increased its position in shares of Euronav NV by 18.7% in the first quarter. A.R.T. Advisors LLC now owns 97,047 shares of the company’s stock worth $993,000 after buying an additional 15,300 shares during the period. Finally, M&T Bank Corp increased its position in shares of Euronav NV by 12.5% in the first quarter. M&T Bank Corp now owns 192,333 shares of the company’s stock worth $1,969,000 after buying an additional 21,316 shares during the period. Hedge funds and other institutional investors own 28.54% of the company’s stock.
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