Teck Resources Ltd (TECK.B) Price Target Cut to C$38.00

Teck Resources Ltd (TSE:TECK.B) had its price target reduced by TD Securities from C$41.00 to C$38.00 in a research report released on Friday, October 27th. They currently have a buy rating on the stock.

Several other research analysts have also issued reports on TECK.B. Scotiabank reaffirmed an outperform rating and set a C$38.00 target price on shares of Teck Resources 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 company an outperform rating in a research note on Thursday, September 7th. J P Morgan Chase & Co upped their price objective on Teck Resources from C$31.00 to C$41.00 in a report on Thursday, September 7th. CSFB raised their price objective on shares of Teck Resources from C$30.00 to C$36.00 in a research note on Thursday, August 24th. Finally, Eight Capital restated a buy rating on shares of Teck Resources in a research report on Thursday, August 17th. Fourteen analysts have rated the stock with a buy rating, Teck Resources currently has a consensus rating of Buy and a consensus target price of C$37.07.

Shares of Teck Resources (TECK.B) opened at C$27.28 on Friday. Teck Resources has a one year low of C$19.27 and a one year high of C$35.67.

WARNING: This news story was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this news story on another publication, it was illegally copied and republished in violation of international copyright & trademark law. The legal version of this news story can be read at https://www.dispatchtribunal.com/2017/11/12/td-securities-lowers-teck-resources-ltd-teck-b-price-target-to-c38-00.html.

Teck Resources Company Profile

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.

Analyst Recommendations for Teck Resources (TSE:TECK.B)

Receive News & Ratings for Teck Resources Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teck Resources Ltd and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply