Teck Resources (TSE:TECK.B – Get Free Report) had its target price reduced by investment analysts at Raymond James from C$68.00 to C$67.00 in a research note issued to investors on Thursday, BayStreet.CA reports. Raymond James’ price objective points to a potential upside of 37.32% from the stock’s current price.
TECK.B has been the subject of several other reports. National Bankshares raised shares of Teck Resources from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from C$67.00 to C$70.00 in a report on Friday, July 28th. JPMorgan Chase & Co. set a C$52.00 price objective on shares of Teck Resources and gave the stock an “overweight” rating in a report on Tuesday, October 17th. Scotiabank cut their price objective on shares of Teck Resources from C$75.00 to C$72.00 and set an “outperform” rating for the company in a report on Wednesday, October 25th. Jefferies Financial Group raised their price objective on shares of Teck Resources from C$70.00 to C$73.00 and gave the stock a “buy” rating in a report on Monday, November 6th. Finally, Stifel Nicolaus raised their price objective on shares of Teck Resources from C$68.00 to C$71.00 in a report on Monday, October 16th. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$64.44.
Teck Resources Trading Up 2.6 %
Teck Resources Company Profile
Teck Resources Limited researches, explores for, develops, and produces natural resources in the Asia Pacific, the Americas, and Europe. It operates through five segments: Steelmaking, Coal, Copper, Zinc, Energy, and Corporate. The company's principal products include steelmaking coal; copper concentrates and refined copper cathodes; refined zinc and zinc concentrates; energy products, such as bitumen; and lead concentrates.
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