Scotiabank Reaffirms Outperform Rating for Teck Resources Ltd (TECK.B)
Teck Resources Ltd (TSE:TECK.B)‘s stock had its “outperform” rating reissued by research analysts at Scotiabank in a research note issued to investors on Saturday. They currently have a C$38.00 price target on the stock.
Several other brokerages also recently weighed in on TECK.B. Berenberg Bank upped their target price on Teck Resources from C$33.25 to C$36.00 in a research report on Friday, September 8th. J P Morgan Chase & Co upped their target price on Teck Resources from C$31.00 to C$41.00 in a research report on Thursday, September 7th. Raymond James Financial, Inc. upped their target price on Teck Resources from C$33.00 to C$36.00 and gave the stock an “outperform” rating in a research report on Thursday, September 7th. TD Securities upped their target price on Teck Resources from C$37.00 to C$41.00 and gave the stock a “buy” rating in a research report on Friday, August 25th. Finally, CSFB upped their target price on Teck Resources from C$30.00 to C$36.00 in a research report on Thursday, August 24th. Fourteen research analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average price target of C$37.79.
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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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