Royal Bank Of Canada Raises Teck Resources Ltd (TCK.B) Price Target to C$40.00
Teck Resources Ltd (TSE:TCK.B) (NYSE:TCK) had its price target raised by Royal Bank Of Canada from C$35.00 to C$40.00 in a research note published on Thursday, StockTargetPrices.com reports. Royal Bank Of Canada currently has an outperform rating on the stock.
Several other brokerages have also recently weighed in on TCK.B. CIBC upped their price target on Teck Resources from C$23.00 to C$28.00 in a research note on Wednesday, September 14th. Scotiabank boosted their target price on Teck Resources from C$18.00 to C$24.00 and gave the stock a sector perform rating in a report on Friday, September 9th. TD Securities reissued a buy rating and issued a C$24.00 target price on shares of Teck Resources in a report on Wednesday, August 24th. Raymond James Financial Inc. boosted their target price on Teck Resources from C$19.00 to C$21.00 and gave the stock a market perform rating in a report on Wednesday, August 24th. Finally, Berenberg Bank set a C$13.00 target price on Teck Resources and gave the stock a sell rating in a report on Friday, August 19th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of C$28.68.
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In other Teck Resources news, insider Tim Watson sold 30,666 shares of the company’s stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of C$29.46, for a total value of C$903,420.36. Also, insider Ray Reipas sold 30,000 shares of the company’s stock in a transaction dated Monday, November 7th. The stock was sold at an average price of C$28.87, for a total value of C$866,100.00.
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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