Brokerages Set Teck Resources Ltd (TECK.B) Target Price at $39.50

Shares of Teck Resources Ltd (TSE:TECK.B) have been assigned an average recommendation of “Buy” from the fourteen analysts that are currently covering the firm, Marketbeat reports. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$39.50.

A number of analysts have recently commented on the company. JPMorgan Chase & Co. lowered their price target on Teck Resources from C$41.00 to C$39.00 in a research note on Tuesday, October 17th. National Bank Financial lowered their price target on Teck Resources from C$37.00 to C$36.00 and set an “outperform” rating for the company in a research note on Friday, October 27th. TD Securities lowered their price target on Teck Resources from C$45.00 to C$44.00 and set a “buy” rating for the company in a research note on Wednesday, January 31st. Eight Capital decreased their price objective on Teck Resources from C$37.00 to C$36.00 in a research report on Friday, October 27th. Finally, CSFB boosted their price objective on Teck Resources from C$33.56 to C$45.00 in a research report on Tuesday, January 30th.

Shares of Teck Resources (TSE:TECK.B) traded up C$1.17 during mid-day trading on Friday, hitting C$36.36. The stock had a trading volume of 583,014 shares, compared to its average volume of 2,000,000. The company has a market cap of $20,980.00, a PE ratio of 8.58 and a beta of 1.00. Teck Resources has a one year low of C$19.27 and a one year high of C$38.53.

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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.

Analyst Recommendations for Teck Resources (TSE:TECK.B)

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