Scotiabank reiterated their focus stock rating on shares of Teck Resources (TSE:TECK.B) in a report issued on Thursday. They currently have a C$43.00 price objective on the stock.
TECK.B has been the subject of a number of other research reports. National Bank Financial boosted their price target on Teck Resources from C$42.00 to C$44.00 and gave the company an outperform rating in a research note on Thursday, February 15th. CIBC boosted their price target on Teck Resources from C$45.00 to C$46.00 in a research note on Tuesday, January 30th. Berenberg Bank boosted their price target on Teck Resources from C$35.00 to C$44.00 in a research note on Thursday, February 8th. BMO Capital Markets boosted their target price on Teck Resources from C$37.00 to C$41.00 in a research note on Monday, December 18th. Finally, Canaccord Genuity boosted their target price on Teck Resources from C$41.00 to C$42.50 and gave the stock a buy rating in a research note on Thursday, February 15th. Nine research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Teck Resources currently has a consensus rating of Buy and an average target price of C$42.71.
TECK.B stock opened at C$35.93 on Thursday. Teck Resources has a 52 week low of C$19.27 and a 52 week high of C$38.66.
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.
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