Teck Resources Ltd (TCK.B) Given New C$31.00 Price Target at CIBC
Teck Resources Ltd (TSE:TCK.B) had its target price lifted by analysts at CIBC from C$28.00 to C$31.00 in a research report issued to clients and investors on Wednesday, StockTargetPrices.com reports.
Other equities research analysts have also issued research reports about the stock. TD Securities upped their target price on shares of Teck Resources from C$22.00 to C$24.00 and gave the company a “buy” rating in a research note on Sunday, July 31st. Barclays PLC cut their target price on shares of Teck Resources from C$16.00 to C$8.00 in a research note on Tuesday, July 26th. Scotiabank boosted their price objective on shares of Teck Resources from C$12.00 to C$13.00 and gave the company a “sector perform” rating in a research report on Monday, June 27th. Canaccord Genuity boosted their price objective on shares of Teck Resources from C$16.50 to C$19.50 in a research report on Friday, July 29th. Finally, Berenberg Bank set a C$13.00 price objective on shares of Teck Resources and gave the company a “sell” rating in a research report on Friday, August 19th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of C$18.78.
Teck Resources Company Profile
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Teck Resources Limited is engaged in the business of exploring for, acquiring, developing and producing natural resources. The Company operates through five segments: steelmaking coal, copper, zinc, energy and corporate. Through its interests in mining and processing operations in Canada, the United States, Chile and Peru, the Company exports seaborne steelmaking coal and produces mined zinc.
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