Royal Bank of Canada Raises Teck Resources (TECK.B) Price Target to C$42.00

Teck Resources (TSE:TECK.B) had its target price increased by Royal Bank of Canada from C$37.00 to C$42.00 in a research note released on Wednesday morning. They currently have an outperform rating on the stock.

TECK.B has been the topic of a number of other research reports. National Bank Financial lifted their price target on shares of Teck Resources from C$34.00 to C$37.00 and gave the company an outperform rating in a research note on Wednesday, October 18th. BMO Capital Markets lifted their price target on shares of Teck Resources from C$41.00 to C$42.00 in a research note on Tuesday, September 26th. Scotiabank reaffirmed an outperform rating and issued a C$38.00 price target on shares of Teck Resources in a research note on Friday, November 17th. CIBC reaffirmed an outperform rating and issued a C$38.00 price target on shares of Teck Resources in a research note on Friday, November 17th. Finally, TD Securities cut their price target on shares of Teck Resources from C$41.00 to C$38.00 and set a buy rating on the stock in a research note on Friday, October 27th. Fourteen equities research analysts have rated the stock with a buy rating, Teck Resources currently has an average rating of Buy and an average price target of C$37.53.

Teck Resources (TECK.B) opened at C$36.79 on Wednesday. Teck Resources has a one year low of C$19.27 and a one year high of C$38.53. The firm has a market cap of $21,230.00, a P/E ratio of 8.68 and a beta of 0.93.

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Teck Resources Company Profile

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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