Teck Resources (TECK.B) Rating Increased to Action List Buy at TD Securities
Teck Resources (TSE:TECK.B) was upgraded by equities researchers at TD Securities from a “buy” rating to an “action list buy” rating in a research note issued on Thursday. The firm presently has a C$45.00 price target on the stock, up from their prior price target of C$43.00. TD Securities’ price objective suggests a potential upside of 56.74% from the company’s current price.
Other equities analysts have also recently issued reports about the company. CIBC lowered their price target on Teck Resources from C$46.00 to C$44.00 in a research report on Friday, August 31st. Raymond James reiterated an “outperform” rating and set a C$44.00 price target on shares of Teck Resources in a research report on Friday, October 26th. National Bank Financial lifted their price target on Teck Resources from C$38.00 to C$40.00 and gave the company an “outperform” rating in a research report on Wednesday. Barclays reiterated an “overweight” rating on shares of Teck Resources in a research report on Wednesday, October 10th. Finally, JPMorgan Chase & Co. reduced their price objective on Teck Resources from C$53.00 to C$49.50 in a research note on Friday, October 26th. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Teck Resources presently has a consensus rating of “Buy” and a consensus price target of C$44.36.
TECK.B traded down C$1.17 during trading hours on Thursday, hitting C$28.71. The company’s stock had a trading volume of 1,907,903 shares, compared to its average volume of 1,990,000. Teck Resources has a fifty-two week low of C$19.27 and a fifty-two week high of C$38.66.
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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