Cleaves Securities Reaffirms Their Buy Rating on Teekay Tankers Ltd (TNK)

In a report issued on August 1, Joakim Hannisdahl from Cleaves Securities reiterated a Buy rating on Teekay Tankers Ltd (TNK), with a price target of $3.60. The company’s shares closed yesterday at $1.04.

The word on The Street in general, suggests a Hold analyst consensus rating for Teekay Tankers Ltd with a $2.38 average price target.

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The company has a one-year high of $1.42 and a one-year low of $0.87. Currently, Teekay Tankers Ltd has an average volume of 1.43M.

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Teekay Tankers Ltd. engages in the provision of crude oil and refined petroleum products through the operation of its oil and product tankers. It operates through the Conventional Tanker and Ship-to-Ship (STS) Transfer segment.

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