Teck Resources (TSE:TECK.B – Free Report) had its target price reduced by Scotiabank from C$72.00 to C$69.00 in a report issued on Wednesday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.
Other research analysts have also recently issued research reports about the stock. Canaccord Genuity Group cut their price target on shares of Teck Resources from C$71.00 to C$66.00 and set a buy rating for the company in a research note on Thursday, October 26th. Jefferies Financial Group raised their target price on 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. National Bankshares raised Teck Resources from a sector perform rating to an outperform rating and boosted their price target for the company from C$67.00 to C$70.00 in a research note on Friday, July 28th. JPMorgan Chase & Co. set a C$52.00 price objective on Teck Resources and gave the stock an overweight rating in a research note on Tuesday, October 17th. Finally, Raymond James reduced their target price on shares of Teck Resources from C$68.00 to C$67.00 in a research note on Thursday, November 9th. Twelve investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of Buy and a consensus target price of C$64.35.
Teck Resources Price Performance
About Teck Resources
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 Calculate Options Profits
- S&P 500’s Whirlwind: Big gains, warning whispers & tactical moves
- How to Effectively Use the MarketBeat Ratings Screener
- MarketBeat Week in Review – 11/13 – 11/17
- Want to Profit on the Downtrend? Downtrends, Explained.
- 3 large caps with red hot RSIs with upside
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.