Trading Report: The Euronav NV (EURN) PT Raised to $11.00 at Citigroup Inc.

The Euronav NV (EURN) PT Raised to $11.00 at Citigroup Inc.

Euronav NV (NYSE:EURN) had its target price upped by Citigroup Inc. from $9.00 to $11.00 in a report released on Thursday morning, StockTargetPrices.com reports. Citigroup Inc. currently has a buy rating on the stock.

Other research analysts have also recently issued research reports about the stock. Morgan Stanley cut shares of Euronav NV from an overweight rating to an equal weight rating in a report on Thursday, August 25th. Wells Fargo & Co. started coverage on shares of Euronav NV in a report on Thursday, August 25th. They set an outperform rating for the company. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of Buy and an average target price of $13.33.

Euronav NV (NYSE:EURN) opened at 8.00 on Thursday. Euronav NV has a 1-year low of $7.39 and a 1-year high of $16.23. The company has a market capitalization of $1.27 billion, a P/E ratio of 3.85 and a beta of 0.83. The stock’s 50 day moving average is $8.46 and its 200-day moving average is $9.43.

Several hedge funds and other institutional investors have recently modified their holdings of EURN. Credit Agricole S A boosted its position in shares of Euronav NV by 454.3% in the first quarter. Credit Agricole S A now owns 1,669,407 shares of the company’s stock valued at $17,094,000 after buying an additional 1,368,259 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Euronav NV by 92.3% in the first quarter. JPMorgan Chase & Co. now owns 1,542,753 shares of the company’s stock valued at $15,798,000 after buying an additional 740,400 shares during the last quarter. Barclays PLC boosted its position in shares of Euronav NV by 47.2% in the first quarter. Barclays PLC now owns 1,676,253 shares of the company’s stock valued at $16,762,000 after buying an additional 537,760 shares during the last quarter. M&T Bank Corp boosted its position in shares of Euronav NV by 12.5% in the first quarter. M&T Bank Corp now owns 192,333 shares of the company’s stock valued at $1,969,000 after buying an additional 21,316 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. boosted its position in shares of Euronav NV by 55.5% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 53,275 shares of the company’s stock valued at $545,000 after buying an additional 19,015 shares during the last quarter. Institutional investors and hedge funds own 28.54% of the company’s stock.

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