Teck Resources Ltd (TECK.B) Given Outperform Rating at BMO Capital Markets
Teck Resources Ltd (TSE:TECK.B)‘s stock had its “outperform” rating reissued by BMO Capital Markets in a research report issued to clients and investors on Monday, StockTargetPrices.com reports. They presently have a C$41.00 target price on the stock.
Several other equities research analysts also recently commented on TECK.B. Royal Bank Of Canada reiterated an “outperform” rating and set a C$39.00 price objective on shares of Teck Resources in a research note on Tuesday, March 28th. National Bank Financial lowered their price objective on shares of Teck Resources from C$42.50 to C$38.00 in a research note on Friday. Barclays PLC lowered their price objective on shares of Teck Resources from C$36.00 to C$34.00 and set an “overweight” rating for the company in a research note on Friday, February 24th. Finally, Scotiabank restated an “outperform” rating and set a C$36.00 target price on shares of Teck Resources in a research report on Thursday, March 30th. Eleven equities research analysts have rated the stock with a buy rating, Teck Resources presently has an average rating of “Buy” and an average price target of C$37.88.
About Teck Resources
Teck Resources Ltd is engaged in the business of exploring for, acquiring, developing and producing natural resources. The Company’s activities are organized into business units that are focused on steelmaking coal, copper, zinc and energy. It operates in five segments: steelmaking coal, copper, zinc, energy and corporate.
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