Teck Resources Ltd (TECK.B) Price Target Cut to C$39.00 by Analysts at J P Morgan Chase & Co

Teck Resources Ltd (TSE:TECK.B) had its target price decreased by J P Morgan Chase & Co from C$41.00 to C$39.00 in a report released on Tuesday, October 17th.

A number of other research firms have also recently weighed in on TECK.B. Scotiabank reaffirmed an outperform rating and set a C$38.00 target price on shares of Teck Resources in a research note on Thursday, September 7th. Eight Capital reaffirmed a buy rating on shares of Teck Resources in a research note on Thursday, August 17th. BMO Capital Markets reaffirmed an outperform rating and set a C$41.00 target price on shares of Teck Resources in a research note on Monday, June 19th. TD Securities boosted their target price on shares of Teck Resources from C$37.00 to C$41.00 and gave the stock a buy rating in a research note on Friday, August 25th. Finally, National Bank Financial decreased their target price on shares of Teck Resources from C$38.00 to C$36.00 and set an outperform rating on the stock in a research note on Monday, July 24th. Fourteen equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of Buy and a consensus price target of C$37.07.

Teck Resources (TSE:TECK.B) traded up C$0.56 during trading hours on Tuesday, reaching C$27.15. The company’s stock had a trading volume of 348,069 shares, compared to its average volume of 1,950,000. Teck Resources has a 52 week low of C$19.27 and a 52 week high of C$35.67.

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About Teck Resources

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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