Euronav NV (EURN) Stock Rating Lowered by Deutsche Bank
Posted by Noah on Feb 26th, 2016 // No Comments
Euronav NV logoEuronav NV (NYSE:EURN) was downgraded by Deutsche Bank from a “buy” rating to a “hold” rating in a research note issued on Friday, StockTargetPrices.com reports. They currently have a $8.50 price target on the stock, down from their prior price target of $18.00. Deutsche Bank’s target price suggests a potential downside of 18.11% from the stock’s current price.
Shares of Euronav NV (NYSE:EURN) opened at 10.38 on Friday. The firm has a market cap of $1.65 billion and a PE ratio of 4.68. The firm has a 50-day moving average of $11.04 and a 200 day moving average of $13.27. Euronav NV has a 52 week low of $9.74 and a 52 week high of $16.64.
An institutional investor recently bought a new position in Euronav NV stock. BB&T Securities purchased a new stake in shares of Euronav NV (NYSE:EURN) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 53,338 shares of the company’s stock, valued at approximately $731,000.
Other research analysts also recently issued research reports about the stock. Citigroup Inc. lowered their price objective on shares of Euronav NV from $16.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, January 29th. JPMorgan Chase & Co. downgraded shares of Euronav NV from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $18.00 to $16.00 in a report on Tuesday, January 12th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Euronav NV has an average rating of “Buy” and an average price target of $15.79.