Teck Resources (TECK.B) Price Target Increased to C$45.00 by Analysts at Raymond James

Teck Resources (TSE:TECK.B) had its price target raised by Raymond James from C$44.00 to C$45.00 in a report issued on Wednesday. They currently have an outperform rating on the stock.

Other research analysts also recently issued reports about the company. CIBC decreased their price target on Teck Resources from C$46.00 to C$44.00 in a report on Friday, August 31st. JPMorgan Chase & Co. decreased their price target on Teck Resources from C$53.00 to C$49.50 in a report on Friday, October 26th. TD Securities decreased their price target on Teck Resources from C$46.00 to C$43.00 and set a buy rating for the company in a report on Friday, October 26th. National Bank Financial boosted their price target on Teck Resources from C$38.00 to C$40.00 and gave the company an outperform rating in a report on Wednesday. Finally, Barclays reissued an overweight rating on shares of Teck Resources in a report on Wednesday, October 10th. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Teck Resources currently has a consensus rating of Buy and an average price target of C$44.00.

Shares of TSE:TECK.B opened at C$29.88 on Wednesday. Teck Resources has a 12-month low of C$19.27 and a 12-month high of C$38.66.

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.

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

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