Teck Resources (TSE:TECK.B – Get Free Report) had its price target dropped by equities researchers at Eight Capital from C$75.00 to C$70.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Eight Capital’s price target would suggest a potential upside of 44.09% from the stock’s current price.
Several other research analysts have also commented on the company. Canaccord Genuity Group reduced their price target on Teck Resources from C$71.00 to C$66.00 and set a “buy” rating on the stock in a report on Thursday, October 26th. Scotiabank cut their price objective on Teck Resources from C$75.00 to C$72.00 and set an “outperform” rating for the company in a research report on Wednesday, October 25th. Stifel Nicolaus lifted their price target on shares of Teck Resources from C$68.00 to C$71.00 and gave the company a “buy” rating in a research report on Monday. Jefferies Financial Group increased 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 research report on Monday, November 6th. Finally, National Bankshares upgraded Teck Resources from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from C$67.00 to C$70.00 in a research note on Friday, July 28th. Twelve investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$64.35.
Teck Resources Stock Down 0.3 %
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.
- Five stocks we like better than Teck Resources
- How to Invest in Semiconductors
- Amazon, Target, Walmart in a race for fastest delivery
- Canada Bond Market Holiday: How to Invest and Trade
- Palo Alto Networks: the one security stock to rule them all
- Learn Technical Analysis Skills to Master the Stock Market
- Is it time to buy the dip in Walmart shares?
Receive News & Ratings for Teck Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teck Resources and related companies with MarketBeat.com's FREE daily email newsletter.