Teck Resources Ltd (TECK.B) Price Target Raised to C$36.00
Teck Resources Ltd (TSE:TECK.B) had its price target hoisted by equities research analysts at Raymond James Financial, Inc. from C$33.00 to C$36.00 in a research report issued on Thursday. The brokerage presently has an “outperform” rating on the stock.
Other research analysts have also issued reports about the company. Royal Bank Of Canada decreased their target price on Teck Resources from C$39.00 to C$38.00 and set an “outperform” rating on the stock in a report on Friday, June 16th. Scotiabank boosted their price target on Teck Resources from C$32.00 to C$33.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. CSFB boosted their price target on Teck Resources from C$30.00 to C$36.00 in a research note on Thursday, August 24th. TD Securities reduced their price target on Teck Resources from C$40.00 to C$38.00 in a research note on Friday, June 16th. Finally, Berenberg Bank reduced their price target on Teck Resources from C$37.50 to C$33.00 in a research note on Wednesday, July 12th. Fourteen analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average target price of C$37.57.
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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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