Teck Resources Limited PT Raised to $35.00 at Scotiabank (TCK)
Scotiabank upped their price target on shares of Teck Resources Limited (NYSE:TCK) from $31.00 to $35.00 in a research note issued on Friday, Stock Ratings Network.com reports. The firm currently has a “sector outperform” rating on the stock. Scotiabank’s price objective points to a potential upside of 20.86% from the stock’s previous close.
A number of other firms have also recently commented on TCK. Analysts at Deutsche Bank raised their price target on shares of Teck Resources Limited from $26.00 to $28.00 in a research note to investors on Friday. They now have a “hold” rating on the stock. Separately, analysts at CIBC reiterated a “sector outperform” rating on shares of Teck Resources Limited in a research note to investors on Friday. They now have a $41.00 price target on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Teck Resources Limited from $30.00 to $33.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Eleven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $31.85.
Shares of Teck Resources Limited (NYSE:TCK) traded down 1.13% on Friday, hitting $28.96. The stock had a trading volume of 1,852,453 shares. Teck Resources Limited has a 52-week low of $19.98 and a 52-week high of $38.57. The stock’s 50-day moving average is $25.9 and its 200-day moving average is $26.03. The company has a market cap of $16.690 billion and a price-to-earnings ratio of 25.47.
Teck Resources Limited (NYSE:TCK) last announced its earnings results on Thursday, October 24th. The company reported $0.42 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.37 by $0.05. The company had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the prior year, the company posted $0.73 earnings per share.
Teck Resources Limited (NYSE:TCK), formerly Teck Cominco Limited, is engaged in mining and related activities, including exploration, development, processing, smelting and refining.
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