Teck Resources (TSE:TECK.B) received a C$45.00 price target from stock analysts at Scotiabank in a note issued to investors on Monday. The brokerage presently has a “focus stock” rating on the stock. Scotiabank’s price objective indicates a potential upside of 32.39% from the company’s previous close.
A number of other equities analysts also recently commented on TECK.B. CIBC increased their price objective on Teck Resources from C$45.00 to C$46.00 in a report on Tuesday, January 30th. CSFB increased their price objective on Teck Resources from C$33.56 to C$45.00 in a report on Tuesday, January 30th. BMO Capital Markets increased their price objective on Teck Resources from C$37.00 to C$41.00 in a report on Monday, December 18th. Berenberg Bank increased their price objective on Teck Resources from C$35.00 to C$44.00 in a report on Thursday, February 8th. Finally, TD Securities dropped their price objective on Teck Resources from C$45.00 to C$44.00 and set a “buy” rating on the stock in a report on Wednesday, January 31st. Ten equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of C$42.79.
Shares of Teck Resources (TSE:TECK.B) traded up C$0.16 on Monday, hitting C$33.99. The stock had a trading volume of 666,225 shares, compared to its average volume of 2,070,000. The firm has a market cap of $19,490.00, a P/E ratio of 7.83 and a beta of 0.94. Teck Resources has a one year low of C$19.27 and a one year high of C$38.66.
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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