Teck Resources Ltd (TECK.B) Receives Outperform Rating from Scotiabank
Teck Resources Ltd (TSE:TECK.B)‘s stock had its “outperform” rating restated by research analysts at Scotiabank in a research report issued to clients and investors on Thursday. They presently have a C$38.00 price objective on the stock.
TECK.B has been the topic of a number of other research reports. Royal Bank Of Canada cut their price objective on shares of Teck Resources from C$39.00 to C$38.00 and set an “outperform” rating on the stock in a research report on Friday, June 16th. CSFB upped their target price on shares of Teck Resources from C$30.00 to C$36.00 in a report on Thursday, August 24th. TD Securities lowered their target price on shares of Teck Resources from C$40.00 to C$38.00 in a report on Friday, June 16th. Berenberg Bank lowered their target price on shares of Teck Resources from C$37.50 to C$33.00 in a report on Wednesday, July 12th. Finally, Canaccord Genuity lowered their target price on shares of Teck Resources from C$35.00 to C$34.00 and set a “buy” rating on the stock in a report on Friday, July 28th. Fourteen analysts have rated the stock with a buy rating, Teck Resources currently has a consensus rating of “Buy” and a consensus target price of C$37.57.
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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