What To Know About Jefferies's Downgrade of Euronav

Jefferies downgraded its rating of Euronav EURN to Hold with a price target of $18.00, changing its price target from $21.00 to $18.00.

Shares of Euronav are trading down 0.17% over the last 24 hours, at $17.66 per share.

A move to $18.00 would account for a 1.93% increase from the current share price.

About Euronav

Euronav NV owns and operates a fleet of vessels for international maritime shipping and storage of crude oil and petroleum products. The company organises itself into two segments: tankers and floating storage and offloading activities, or FSO. The tankers segment, which generates the majority of revenue, operates crude oil tankers on international markets. The FSO segment conducts floating production, floating storage, and offloading operations for crude oil and petroleum products.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.