Teekay Corp. Price Target Raised to $72.00 at RBC Capital (TK)
Equities researchers at RBC Capital raised their price objective on shares of Teekay Corp. (NYSE:TK) from $61.00 to $72.00 in a research report issued on Tuesday, Stock Ratings Network.com reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s target price would suggest a potential upside of 32.79% from the company’s current price.
Teekay Corp. (NYSE:TK) opened at 54.22 on Tuesday. Teekay Corp. has a 52 week low of $32.49 and a 52 week high of $54.90. The stock’s 50-day moving average is $51.75 and its 200-day moving average is $44.52. The company’s market cap is $3.840 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group raised their price target on shares of Teekay Corp. from $47.00 to $54.00 in a research note on Friday, January 31st. They now have a “hold” rating on the stock. Analysts at Deutsche Bank raised their price target on shares of Teekay Corp. from $43.00 to $49.00 in a research note on Monday, January 27th. They now have a “hold” rating on the stock. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $51.69.
Teekay Corporation (NYSE:TK) is a provider of international crude oil and gas marine transportation services and it also offer offshore oil production, storage and offloading services, under long-term, fixed-rate contracts.
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