Teck Resources (TSE:TECK.B – Get Free Report) had its price target cut by equities researchers at CIBC from C$80.00 to C$78.00 in a note issued to investors on Friday, BayStreet.CA reports. CIBC’s price target indicates a potential upside of 18.88% from the company’s current price.
A number of other brokerages have also recently weighed in on TECK.B. Eight Capital lifted their price objective on shares of Teck Resources from C$72.00 to C$75.00 in a research note on Thursday, July 11th. TD Securities upped their price objective on shares of Teck Resources from C$78.00 to C$80.00 in a research note on Tuesday, July 16th. Bank of America dropped their price target on shares of Teck Resources from C$88.00 to C$87.00 in a research note on Friday, July 5th. Scotiabank reduced their price objective on Teck Resources from C$79.00 to C$74.00 in a research report on Friday. Finally, National Bankshares upped their target price on Teck Resources from C$86.00 to C$90.00 in a research note on Tuesday, October 15th. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Teck Resources has an average rating of “Moderate Buy” and a consensus price target of C$76.63.
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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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