Teck Resources Ltd (TECK.B) Price Target Cut to C$37.00 by Analysts at Royal Bank Of Canada

Teck Resources Ltd (TSE:TECK.B) had its price objective decreased by Royal Bank Of Canada from C$38.00 to C$37.00 in a report issued on Friday morning. Royal Bank Of Canada currently has an outperform rating on the stock.

A number of other equities analysts also recently commented on the company. TD Securities reissued a buy rating and set a C$40.00 price objective on shares of Teck Resources in a research report on Monday, March 27th. National Bank Financial lowered their price objective on Teck Resources from C$42.50 to C$38.00 in a research report on Friday, June 16th. Scotiabank boosted their price objective on Teck Resources from C$37.00 to C$39.00 and gave the stock an outperform rating in a research report on Wednesday, April 19th. BMO Capital Markets reaffirmed an outperform rating and issued a C$41.00 price target on shares of Teck Resources in a report on Monday, June 19th. Finally, Berenberg Bank raised Teck Resources from a hold rating to a buy rating and upped their price target for the company from C$34.50 to C$36.00 in a report on Wednesday, March 22nd. Eleven investment analysts have rated the stock with a buy rating, Teck Resources has an average rating of Buy and an average target price of C$37.54.

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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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