Teck Resources Ltd (TCK.B) Price Target Increased to C$34.00 by Analysts at Scotiabank
Teck Resources Ltd (TSE:TCK.B) (NYSE:TCK) had its target price raised by Scotiabank from C$29.00 to C$34.00 in a research note issued to investors on Wednesday. They currently have a sector perform rating on the stock.
TCK.B has been the topic of a number of other research reports. CSFB upped their target price on shares of Teck Resources from C$23.00 to C$30.00 and gave the company an outperform rating in a research note on Monday, October 17th. TD Securities upped their target price on shares of Teck Resources from C$33.00 to C$35.00 and gave the company a buy rating in a research note on Friday, October 28th. Canaccord Genuity upped their target price on shares of Teck Resources from C$19.50 to C$28.50 and gave the company a hold rating in a research note on Monday, October 24th. Berenberg Bank upped their target price on shares of Teck Resources from C$13.00 to C$25.50 and gave the company a sell rating in a research note on Monday, October 31st. Finally, Barclays PLC raised shares of Teck Resources from an equal weight rating to an overweight rating and upped their target price for the company from C$22.00 to C$36.00 in a research note on Thursday, November 17th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. Teck Resources presently has an average rating of Hold and an average price target of C$26.32.
In other news, insider Ray Reipas sold 30,000 shares of the stock in a transaction on Monday, November 7th. The shares were sold at an average price of C$28.87, for a total transaction of C$866,100.00. Also, insider Tim Watson sold 30,666 shares of the stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of C$29.46, for a total transaction of C$903,420.36.
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Teck Resources Company Profile
Teck Resources Limited is engaged in the business of exploring for, acquiring, developing and producing natural resources. The Company operates through five segments: steelmaking coal, copper, zinc, energy and corporate. Through its interests in mining and processing operations in Canada, the United States, Chile and Peru, the Company exports seaborne steelmaking coal and produces mined zinc.
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