Cleaves Securities Remains a Sell on Euronav (EURN)
In a report released yesterday, Joakim Hannisdahl from Cleaves Securities maintained a Sell rating on Euronav (EURN), with a price target of $8.00. The company’s shares closed last Tuesday at $9.90.
According to TipRanks.com, Hannisdahl is a 3-star analyst with an average return of 1.1% and a 52.5% success rate. Hannisdahl covers the Services sector, focusing on stocks such as Nordic American Tanker, International Seaways, and Eagle Bulk Shipping.
Currently, the analyst consensus on Euronav is a Moderate Buy with an average price target of $11.75.
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The company has a one-year high of $13.21 and a one-year low of $7.21. Currently, Euronav has an average volume of 2.53M.
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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.