Teck Resources Receives Consensus Rating of “Hold” from Analysts (TSE:TCK.B)
Shares of Teck Resources (TSE:TCK.B) have been given an average rating of “Hold” by the fourteen analysts that are presently covering the stock, StockRatingsNetwork reports. Seven analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$29.75.
A number of research firms have recently commented on TCK.B. Analysts at CSFB cut their price target on shares of Teck Resources from C$29.00 to C$28.50 in a research note on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at Canaccord Genuity cut their price target on shares of Teck Resources from C$28.00 to C$25.00 in a research note on Friday, June 6th. They now have a “hold” rating on the stock. Finally, analysts at Paradigm Capital cut their price target on shares of Teck Resources from C$42.50 to C$40.00 in a research note on Wednesday, April 23rd. 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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