Teck Resources Given Average Rating of “Buy” by Brokerages (TSE:TCK.B)
Shares of Teck Resources (TSE:TCK.B) have received a consensus recommendation of “Buy” from the fifteen brokerages that are currently covering the stock, Analyst Ratings Network.com reports. Seven investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$31.31.
A number of analysts have recently weighed in on TCK.B shares. Analysts at Canaccord Genuity cut their price target on shares of Teck Resources from C$30.00 to C$27.00 in a research note on Friday. They now have a “hold” rating on the stock. Separately, analysts at CIBC cut their price target on shares of Teck Resources from C$41.00 to C$40.00 in a research note on Friday. Finally, analysts at UBS AG cut their price target on shares of Teck Resources from C$33.00 to C$31.00 in a research note on Friday. They now have a “buy” rating on the stock.
Teck Resources Limited (TSE:TCK) is engaged in exploring for, developing and producing natural resources.
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