Euronav (NYSE: EURN) stock suffered a major decline of -23.7% on 5/22/24. The shares closed at $16.08. Moreover, unusually high trading volume at 196% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -20.3% during the last week.
Current PriceTarget Research Rating
EURN is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Euronav has a current Value Trend Rating of C (Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Euronav has a neutral Appreciation Score of 41 and a slightly positive Power Rating of 65, leading to the Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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