Teck Resources Ltd (TCK.B) Price Target Increased to C$22.00 by Analysts at Barclays PLC
Teck Resources Ltd (TSE:TCK.B) had its price target increased by stock analysts at Barclays PLC from C$16.00 to C$22.00 in a research report issued to clients and investors on Monday, StockTargetPrices.com reports.
Other equities research analysts have also issued research reports about the company. TD Securities lifted their target price on Teck Resources from C$22.00 to C$24.00 and gave the company a “buy” rating in a research report on Sunday, July 31st. Scotiabank lifted their target price on 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. Dundee Securities lifted their target price on Teck Resources from C$21.00 to C$31.50 and gave the company a “buy” rating in a research report on Friday. Canaccord Genuity lifted their target price on 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 target price on Teck Resources and gave the company a “sell” rating in a research report on Friday, August 19th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of C$21.19.
About Teck Resources
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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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