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What is Wall Street's Target Price for Teekay Tankers Ltd. (TNK) Stock Thursday?

Thursday, April 07, 2022 09:44 AM | InvestorsObserver Analysts

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What is Wall Street's Target Price for Teekay Tankers Ltd. (TNK) Stock Thursday?

Analysts who follow Teekay Tankers Ltd. (TNK) on average expect it to increase 5.88% over the next twelve months. Those same analysts give the stock an average rating of Buy. That average rating earns Teekay Tankers Ltd. an Analyst Ranking of 29, which means it ranks higher than 29 of stocks, based on data compiled by InvestorsObserver.

Overall Score - 4
Wall Street analysts are rating TNK a Buy today. Find out what this means to you and get the rest of the rankings on TNK!

Why are Analyst Ratings Important?

Analytical research by professionals can be extremely useful when making investment decisions in the stock market. Analysts are able to observe industries in detail and learn how geographical impacts can affect a company's balance sheet. This information allows investors to make decisions ahead of the curve. InvestorsObserver combines the ratings from these analysts and proceeds to percentile rank them. This grants you the ability to compare stocks in a comprehensive fashion as oppossed to a standard buy/hold/sell rating.

What's Happening With Teekay Tankers Ltd. Stock Today?

Teekay Tankers Ltd. (TNK) stock is trading at $16.37 as of 9:43 AM on Thursday, Apr 7, a rise of $1.34, or 8.92% from the previous closing price of $15.03. The stock has traded between $15.46 and $16.43 so far today. Volume today is below average. So far 20,389 shares have traded compared to average volume of 462,818 shares. Click Here to get the full Stock Report for Teekay Tankers Ltd. stock.

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