Analysts at the bank raised their rating on the tanker owner from sell to hold following its takeover of the Maersk VLCC fleet and a change in its capital structure.
The team, led by Nicolay Dyvik, also lifted their target price on the shipowner from EUR 2.20 per share to EUR 10 ($13.54).
Following the takeover, DNB believes Euronav is “the most attractive crude tanker play with 51 vessels at an average age of eight years”.
With
