Teck Resources (TSE:TECK.B – Get Free Report) had its target price decreased by equities researchers at Royal Bank of Canada from C$88.00 to C$85.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s price target would indicate a potential upside of 41.69% from the stock’s previous close.
Several other research analysts have also recently issued reports on TECK.B. CIBC set a C$80.00 price target on Teck Resources and gave the stock an “outperform” rating in a research note on Friday, July 12th. JPMorgan Chase & Co. lowered their target price on shares of Teck Resources from C$76.00 to C$74.00 in a research note on Thursday, July 25th. Raymond James reduced their price target on shares of Teck Resources from C$71.00 to C$70.00 in a research note on Thursday, July 25th. BMO Capital Markets lowered their price objective on shares of Teck Resources from C$80.00 to C$77.00 in a research note on Thursday, July 25th. Finally, Jefferies Financial Group upped their price objective on Teck Resources from C$80.00 to C$85.00 in a report on Monday, July 8th. Twelve analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$76.40.
Read Our Latest Analysis on TECK.B
Teck Resources Stock Performance
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.
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