Teck Resources (TSE:TECK.B) had its price objective hoisted by equities researchers at CIBC from C$38.00 to C$45.00 in a research note issued on Monday. CIBC’s target price would indicate a potential upside of 25.45% from the company’s current price.
TECK.B has been the topic of a number of other reports. National Bank Financial boosted their price target on shares of Teck Resources from C$34.00 to C$37.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 18th. BMO Capital Markets boosted their price target on shares of Teck Resources from C$41.00 to C$42.00 in a research report on Tuesday, September 26th. Scotiabank restated an “outperform” rating and set a C$38.00 price target on shares of Teck Resources in a research report on Friday, November 17th. Royal Bank of Canada boosted their price target on shares of Teck Resources from C$37.00 to C$42.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 17th. Finally, TD Securities dropped their price target on shares of Teck Resources from C$41.00 to C$38.00 and set a “buy” rating on the stock in a research report on Friday, October 27th. Fourteen equities research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average target price of C$38.00.
Teck Resources (TECK.B) traded down C$0.92 during mid-day trading on Monday, hitting C$35.87. 1,630,000 shares of the company’s stock were exchanged, compared to its average volume of 1,940,000. Teck Resources has a one year low of C$19.27 and a one year high of C$38.53. The company has a market cap of $20,700.00, a P/E ratio of 8.46 and a beta of 0.93.
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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