Canaccord Genuity Trims Teck Resources Ltd (TECK.B) Target Price to C$34.00
Teck Resources Ltd (TSE:TECK.B) had its price objective lowered by Canaccord Genuity from C$35.00 to C$34.00 in a report published on Friday. Canaccord Genuity currently has a buy rating on the stock.
Several other analysts have also recently commented on the company. National Bank Financial reduced their target price on Teck Resources from C$38.00 to C$36.00 and set an outperform rating on the stock in a report on Monday, July 24th. Royal Bank Of Canada cut their price target on Teck Resources from C$38.00 to C$37.00 and set an outperform rating on the stock in a report on Friday, July 14th. Berenberg Bank cut their price target on Teck Resources from C$37.50 to C$33.00 in a report on Wednesday, July 12th. Scotiabank cut their price target on Teck Resources from C$38.50 to C$38.00 and set an outperform rating on the stock in a report on Monday, June 19th. Finally, BMO Capital Markets restated an outperform rating and set a C$41.00 price target on shares of Teck Resources in a report on Monday, June 19th. Twelve research analysts have rated the stock with a buy rating, The company presently has a consensus rating of Buy and an average target price of C$36.42.
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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