Teck Resources Ltd (TECK.B) Price Target Raised to C$36.00
Teck Resources Ltd (TSE:TECK.B) had its price target boosted by investment analysts at Berenberg Bank from C$33.25 to C$36.00 in a research note issued to investors on Friday.
Several other research analysts have also recently issued reports on TECK.B. Eight Capital reaffirmed a “buy” rating on shares of Teck Resources in a research report on Thursday, August 17th. Scotiabank set a C$33.00 target price on Teck Resources and gave the company an “outperform” rating in a research report on Tuesday, August 8th. Raymond James Financial, Inc. lifted their target price on Teck Resources from C$33.00 to C$36.00 and gave the company an “outperform” rating in a research report on Thursday. CSFB lifted their target price on Teck Resources from C$30.00 to C$36.00 in a research report on Thursday, August 24th. Finally, Royal Bank Of Canada cut their target price on Teck Resources from C$37.00 to C$36.00 and set an “outperform” rating on the stock in a research report on Friday, July 28th. Fourteen analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average price target of C$37.79.
Teck Resources Company Profile
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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