Teekay LNG Partners Given New $53.00 Price Target at RBC Capital (TGP)
Stock analysts at RBC Capital upped their price target on shares of Teekay LNG Partners (NYSE:TGP) from $50.00 to $53.00 in a report issued on Monday, AnalystRatings.NET reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s target price suggests a potential upside of 26.40% from the stock’s previous close.
TGP has been the subject of a number of other recent research reports. Analysts at Raymond James raised their price target on shares of Teekay LNG Partners from $45.00 to $47.00 in a research note to investors on Friday, September 27th. They now have an “outperform” rating on the stock. Analysts at Jefferson Research downgraded shares of Teekay LNG Partners from a “hold” rating to a “sell” rating in a research note to investors on Friday, July 12th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $46.20.
Shares of Teekay LNG Partners (NYSE:TGP) traded down 1.67% on Monday, hitting $41.93. The stock had a trading volume of 236,052 shares. Teekay LNG Partners has a 52 week low of $34.50 and a 52 week high of $45.42. The stock has a 50-day moving average of $42.71 and a 200-day moving average of $42.5. The company has a market cap of $2.927 billion and a P/E ratio of 18.09.
Teekay LNG Partners (NYSE:TGP) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.07.
Teekay LNG Partners L.P. is an international provider of marine transportation services for liquefied natural gas (NYSE:TGP), liquefied petroleum gas (LPG) and crude oil.
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