CSFB Increases Teck Resources Ltd (TCK.B) Price Target to C$35.00
Teck Resources Ltd (TSE:TCK.B) (NYSE:TCK) had its price target upped by equities research analysts at CSFB from C$33.00 to C$35.00 in a research note issued on Friday.
Other equities research analysts have also issued research reports about the stock. CIBC boosted their price target on shares of Teck Resources from C$23.00 to C$28.00 in a report on Wednesday, September 14th. Canaccord Genuity boosted their price target on shares of Teck Resources from C$16.50 to C$19.50 in a report on Friday, July 29th. BMO Capital Markets boosted their price target on shares of Teck Resources from C$16.00 to C$22.50 in a report on Thursday, September 29th. Barclays PLC boosted their price target on shares of Teck Resources from C$16.00 to C$22.00 in a report on Monday, October 17th. Finally, TD Securities boosted their price target on shares of Teck Resources from C$30.00 to C$33.00 in a report on Friday, October 21st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. Teck Resources currently has a consensus rating of “Hold” and a consensus price target of C$28.15.
TRADEMARK VIOLATION NOTICE: “CSFB Increases Teck Resources Ltd (TCK.B) Price Target to C$35.00” was originally published by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are viewing this report on another site, it was stolen and republished in violation of United States and international copyright & trademark law. The correct version of this report can be read at https://www.thecerbatgem.com/2016/11/29/csfb-increases-teck-resources-ltd-tck-b-price-target-to-c35-00.html.
In related news, insider Tim Watson sold 30,666 shares of the stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of C$29.46, for a total transaction of C$903,420.36. Also, insider Ray Reipas sold 30,000 shares of the stock in a transaction on Monday, November 7th. The stock was sold at an average price of C$28.87, for a total transaction of C$866,100.00.
About Teck Resources
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.
Receive News & Stock Ratings for Teck Resources Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teck Resources Ltd and related stocks with our FREE daily email newsletter.