CIBC set a C$80.00 price target on Teck Resources (TSE:TECK.B – Free Report) in a research note released on Friday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.
Several other equities research analysts have also recently commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Teck Resources from C$70.00 to C$72.00 and gave the company an overweight rating in a research report on Friday, April 26th. Canaccord Genuity Group raised their target price on shares of Teck Resources from C$75.00 to C$80.00 in a research report on Monday, May 13th. Jefferies Financial Group upped their target price on Teck Resources from C$80.00 to C$85.00 in a report on Monday, July 8th. Eight Capital boosted their price target on Teck Resources from C$72.00 to C$75.00 in a research report on Thursday. Finally, Bank of America dropped their price target on shares of Teck Resources from C$88.00 to C$87.00 in a research report on Friday, July 5th. Eleven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of Buy and a consensus target price of C$75.67.
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Teck Resources Price Performance
About Teck Resources
Teck Resources Limited researches, explores for, develops, and produces natural resources in the Asia Pacific, the Americas, and Europe. It operates through five segments: Steelmaking, Coal, Copper, Zinc, Energy, and Corporate. The company's principal products include steelmaking coal; copper concentrates and refined copper cathodes; refined zinc and zinc concentrates; energy products, such as bitumen; and lead concentrates.
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