Stock Rating Upgrade
In the last week the Value Trend Rating for Euronav (NYSE: CMBT) improved from D to C reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
On 10/11/24, Euronav (NYSE: CMBT) stock rose modestly by 0.7%, closing at $16.70. However, this advance was accompanied by exceptionally low trading volume at 35% of normal. Relative to the market the stock has been weak over the last nine months and has declined -4.5% 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 (Low Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Euronav has a neutral Appreciation Score of 53 and a neutral Power Rating of 42, triggering the Low Neutral Value Trend Rating.
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