Teck Resources (TSE:TECK.B – Get Free Report) had its price objective reduced by equities researchers at CIBC from C$80.00 to C$78.00 in a research note issued to investors on Friday, BayStreet.CA reports. CIBC’s target price points to a potential upside of 18.88% from the company’s previous close.
A number of other equities analysts have also recently issued reports on TECK.B. TD Securities upped their price objective on shares of Teck Resources from C$78.00 to C$80.00 in a research report on Tuesday, July 16th. Eight Capital lifted their price target on shares of Teck Resources from C$72.00 to C$75.00 in a report on Thursday, July 11th. Bank of America cut their price target on shares of Teck Resources from C$88.00 to C$87.00 in a research report on Friday, July 5th. JPMorgan Chase & Co. cut their target price on Teck Resources from C$78.00 to C$76.00 in a research report on Friday. Finally, Scotiabank dropped their target price on shares of Teck Resources from C$79.00 to C$74.00 in a research report on Friday. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, Teck Resources has a consensus rating of “Moderate Buy” and an average target price of C$76.63.
Read Our Latest Analysis on TECK.B
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.
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