Cleaves Securities analyst Joakim Hannisdahl downgraded Euronav (EURN) to Sell on January 9 and set a price target of $7.50. The company’s shares closed last Monday at $8.29.
According to TipRanks.com, Hannisdahl is a 4-star analyst with an average return of 8.2% and a 64.1% success rate. Hannisdahl covers the Industrial Goods sector, focusing on stocks such as Nordic American Tanker, International Seaways, and Eagle Bulk Shipping.
Euronav has an analyst consensus of Moderate Buy, with a price target consensus of $10.82.
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Euronav’s market cap is currently $1.79B and has a P/E ratio of 2.80. The company has a Price to Book ratio of 0.71.
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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.
