Teck Resources (TECK.B) Stock Rating Reaffirmed by Scotiabank

Teck Resources (TSE:TECK.B)‘s stock had its “focus stock” rating reissued by analysts at Scotiabank in a research report issued on Thursday. They currently have a C$43.00 price target on the stock. Scotiabank’s price target points to a potential upside of 19.68% from the stock’s current price.

A number of other research firms have also recently weighed in on TECK.B. CSFB boosted their price target on Teck Resources from C$33.56 to C$45.00 in a report on Tuesday, January 30th. Royal Bank of Canada boosted their price target on Teck Resources from C$42.00 to C$44.00 and gave the stock an “outperform” rating in a report on Tuesday, February 20th. CIBC boosted their price target on Teck Resources from C$38.00 to C$45.00 in a report on Monday, January 22nd. BMO Capital Markets set a C$43.00 price target on Teck Resources and gave the stock an “outperform” rating in a report on Thursday, February 15th. Finally, Raymond James Financial boosted their price target on Teck Resources from C$38.50 to C$41.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Nine analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Teck Resources currently has an average rating of “Buy” and a consensus target price of C$42.71.

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TECK.B opened at C$35.93 on Thursday. Teck Resources has a one year low of C$19.27 and a one year high of C$38.66.

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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)

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