Teck Resources Ltd (TECK.B) PT Lowered to C$37.00

Teck Resources Ltd (TSE:TECK.B) had its target price cut by Royal Bank Of Canada from C$38.00 to C$37.00 in a research report released on Friday, July 14th. They currently have an outperform rating on the stock.

Several other brokerages have also recently commented on TECK.B. Scotiabank decreased their target price on shares of Teck Resources from C$38.50 to C$38.00 and set an outperform rating for the company in a report on Monday, June 19th. BMO Capital Markets reissued an outperform rating and issued a C$41.00 price target on shares of Teck Resources in a research report on Monday, June 19th. National Bank Financial reduced their price target on shares of Teck Resources from C$42.50 to C$38.00 in a research report on Friday, June 16th. TD Securities reduced their price target on shares of Teck Resources from C$40.00 to C$38.00 in a research report on Friday, June 16th. Finally, CSFB assumed coverage on shares of Teck Resources in a research report on Thursday, April 13th. They issued an outperform rating for the company. Twelve research analysts have rated the stock with a buy rating, Teck Resources has a consensus rating of Buy and a consensus target price of C$36.42.

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Teck Resources Company Profile

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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