Teck Resources (TSE:TECK.B – Get Free Report) had its price target raised by stock analysts at Raymond James from C$73.00 to C$74.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. Raymond James’ target price points to a potential upside of 12.31% from the company’s previous close.
Several other equities research analysts also recently weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of Teck Resources from C$74.00 to C$78.00 in a research note on Tuesday, October 15th. BMO Capital Markets lowered their target price on Teck Resources from C$80.00 to C$77.00 in a research note on Thursday, July 25th. Eight Capital increased their price target on Teck Resources from C$72.00 to C$75.00 in a report on Thursday, July 11th. Canaccord Genuity Group dropped their price objective on shares of Teck Resources from C$80.00 to C$76.00 in a research note on Monday, July 22nd. Finally, Citigroup raised their target price on shares of Teck Resources from C$64.00 to C$74.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$76.63.
Check Out Our Latest Research Report on Teck Resources
Teck Resources Stock 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.
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