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 stock analysts at CIBC from C$28.00 to C$31.00 in a research note issued on Wednesday, StockTargetPrices.com reports.
Other equities research analysts have also issued research reports about the company. Canaccord Genuity upped their price target on Teck Resources from C$16.50 to C$19.50 in a research report on Friday, July 29th. Scotiabank set a C$18.00 price target on Teck Resources and gave the company a “sector perform” rating in a research report on Friday, August 19th. Paradigm Capital set a C$23.75 price target on Teck Resources and gave the company a “buy” rating in a research report on Saturday, August 6th. BMO Capital Markets upped their price target on Teck Resources from C$16.00 to C$22.50 in a research report on Thursday, September 29th. Finally, Raymond James Financial Inc. upped their price target on Teck Resources from C$19.00 to C$21.00 and gave the company a “market perform” rating in a research report on Wednesday, August 24th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of C$18.78.
Teck Resources Company Profile
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/12/teck-resources-ltd-tck-b-given-new-c31-00-price-target-at-cibc.html
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.
Receive News & Ratings for Teck Resources Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teck Resources Ltd and related companies with MarketBeat.com's FREE daily email newsletter.