Teck Resources Ltd (TSE:TECK.B) had its target price increased by National Bank Financial from C$34.00 to C$37.00 in a research note released on Wednesday, October 18th. They currently have an outperform rating on the stock.
Other equities research analysts have also issued reports about the company. Scotiabank restated an outperform rating and issued a C$38.00 price objective on shares of Teck Resources in a research note on Thursday, September 7th. J P Morgan Chase & Co raised their price objective on Teck Resources from C$31.00 to C$41.00 in a research report on Thursday, September 7th. Royal Bank Of Canada lowered their price target on shares of Teck Resources from C$38.00 to C$37.00 and set an outperform rating for the company in a report on Friday, July 14th. Berenberg Bank raised their price objective on shares of Teck Resources from C$33.25 to C$36.00 in a research note on Friday, September 8th. Finally, TD Securities raised their price objective 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. Fourteen investment analysts have rated the stock with a buy rating, The company presently has an average rating of Buy and an average price target of C$37.07.
Teck Resources (TSE TECK.B) traded up C$0.75 during mid-day trading on Wednesday, hitting C$27.34. The company’s stock had a trading volume of 1,600,000 shares, compared to its average volume of 1,950,000. Teck Resources has a 1 year low of C$19.27 and a 1 year 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.
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