Price Action to Note: Euronav NV Ordinary Shares’s Trend Down, Especially After Today’s Weak Session

Price Action to Note: Euronav NV Ordinary Shares's Trend Down, Especially After Today's Weak Session

The stock of Euronav NV Ordinary Shares (NYSE:EURN) is a huge mover today! The stock decreased 2.05% or $0.15 on November 8, hitting $7.15. About 712,903 shares traded hands. Euronav NV Ordinary Shares (NYSE:EURN) has declined 27.79% since April 6, 2016 and is downtrending. It has underperformed by 29.75% the S&P500.
The move comes after 9 months negative chart setup for the $1.16B company. It was reported on Nov, 8 by Barchart.com. We have $6.58 PT which if reached, will make NYSE:EURN worth $92.80 million less.

Euronav NV Ordinary Shares (NYSE:EURN) Ratings Coverage

Out of 9 analysts covering Euronav NV (NYSE:EURN), 4 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 44% are positive. Euronav NV has been the topic of 13 analyst reports since August 21, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating by Deutsche Bank given on Friday, February 26. The firm has “Buy” rating by Citigroup given on Thursday, October 6. The stock of Euronav NV Ordinary Shares (NYSE:EURN) earned “Outperform” rating by Wells Fargo on Tuesday, August 25. Vetr downgraded it to “Buy” rating and $15.19 target price in Friday, September 4 report. The stock of Euronav NV Ordinary Shares (NYSE:EURN) earned “Buy” rating by UBS on Friday, August 21. The stock of Euronav NV Ordinary Shares (NYSE:EURN) earned “Neutral” rating by JP Morgan on Thursday, April 7. The firm has “Hold” rating given on Monday, September 21 by Vetr. Euro Pacific Capital initiated Euronav NV Ordinary Shares (NYSE:EURN) on Tuesday, September 29 with “Buy” rating. The stock has “Buy” rating given by Seaport Global on Wednesday, May 4. The stock of Euronav NV Ordinary Shares (NYSE:EURN) earned “Equal-Weight” rating by Morgan Stanley on Thursday, August 25.

According to Zacks Investment Research, “Euronav is a tanker company. It owns, operates and manages a fleet of vessels for the transportation and storage of crude oil and petroleum products. The company also offers ship management services. It operates primarily in Europe and Asia. Euronav is headquartered in Antwerp, Belgium.”

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