Teekay LNG Partners (NYSE:TGP) had its target price raised by research analysts at Citigroup from $15.00 to $19.00 in a research report issued to clients and investors on Tuesday. The brokerage presently has a “neutral” rating on the shipping company’s stock. Citigroup’s price target suggests a potential downside of 0.52% from the stock’s current price.
Several other research firms have also recently weighed in on TGP. ValuEngine upgraded shares of Teekay LNG Partners from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Jefferies Group assumed coverage on shares of Teekay LNG Partners in a research report on Monday, December 18th. They set a “hold” rating and a $18.00 price objective for the company. Morgan Stanley increased their price objective on shares of Teekay LNG Partners from $15.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Monday. UBS Group decreased their price objective on shares of Teekay LNG Partners from $26.00 to $24.00 and set a “buy” rating for the company in a research report on Friday, November 10th. Finally, Zacks Investment Research lowered shares of Teekay LNG Partners from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 14th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $18.33.
Teekay LNG Partners (NYSE TGP) traded down $0.15 on Tuesday, hitting $19.10. 10,767 shares of the stock traded hands, compared to its average volume of 219,544. Teekay LNG Partners has a 52 week low of $14.05 and a 52 week high of $21.65. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.32 and a current ratio of 0.32. The firm has a market capitalization of $1,461.15, a PE ratio of 23.29 and a beta of 1.17.
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About Teekay LNG Partners
Teekay LNG Partners L.P. is an international provider of marine transportation services for liquefied natural gas (LNG), liquefied petroleum gas (LPG) and crude oil. The Company’s fleet, excluding newbuildings, consists of approximately 30 LNG carriers (including the six MALT LNG Carriers, four RasGas 3 LNG Carriers, four Angola LNG Carriers and two Exmar LNG Carriers), over 20 LPG carriers (including 20 Exmar LPG Carriers), approximately seven Suezmax-class crude oil tankers and a Handymax product tanker, all of which are double-hulled.
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