Teck Resources Ltd (TSE:TECK.B) PT Lowered to C$38.00

Teck Resources Ltd (TSE:TECK.B) had its target price trimmed by TD Securities from C$41.00 to C$38.00 in a research note issued to investors on Friday, October 27th. The brokerage currently has a buy rating on the stock.

Several other research firms have also issued reports on TECK.B. Berenberg Bank dropped their price objective on Teck Resources from C$37.50 to C$33.00 in a research note on Wednesday, July 12th. Royal Bank Of Canada dropped their price objective on Teck Resources from C$38.00 to C$37.00 and set an outperform rating for the company in a research note on Friday, July 14th. National Bank Financial decreased their target price on Teck Resources from C$38.00 to C$36.00 and set an outperform rating on the stock in a report on Monday, July 24th. Canaccord Genuity decreased their price target on Teck Resources from C$35.00 to C$34.00 and set a buy rating on the stock in a report on Friday, July 28th. Finally, Scotiabank raised their price target on Teck Resources from C$32.00 to C$33.00 and gave the company an outperform rating in a report on Friday, July 28th. Fourteen investment analysts have rated the stock with a buy rating, The stock has a consensus rating of Buy and an average target price of C$37.07.

Teck Resources (TECK.B) opened at C$27.28 on Friday. 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.

Analyst Recommendations for Teck Resources (TSE:TECK.B)

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