Euronav (EURN) was Upgraded to a Hold Rating at Cleaves Securities

In a report released yesterday, Joakim Hannisdahl from Cleaves Securities upgraded Euronav (EURN) to Hold, with a price target of $8.20. The company’s shares closed last Monday at $8.00, close to its 52-week low of $7.21.

According to, Hannisdahl is a 1-star analyst with an average return of -1.5% and a 50.9% success rate. Hannisdahl covers the Services 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 $13.03.

See today’s analyst top recommended stocks >>

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 3.45M.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts