Trading Report: The CIBC Increases Teck Resources Ltd (TCK.B) Price Target to C$31.00

The CIBC Increases Teck Resources Ltd (TCK.B) Price Target to C$31.00

Teck Resources Ltd (TSE:TCK.B) had its price objective increased by research analysts at CIBC from C$28.00 to C$31.00 in a report issued on Wednesday. The brokerage presently has an “outperform” rating on the stock.

Other research analysts also recently issued reports about the stock. Canaccord Genuity increased their price objective on shares of Teck Resources from C$16.50 to C$19.50 in a research note on Friday, July 29th. Barclays PLC reduced their price target on shares of Teck Resources from C$16.00 to C$8.00 in a research report on Tuesday, July 26th. National Bank Financial raised their price target on shares of Teck Resources from C$13.50 to C$22.00 in a research report on Monday, July 18th. BMO Capital Markets raised their price target on shares of Teck Resources from C$16.00 to C$22.50 in a research report on Thursday, September 29th. Finally, Paradigm Capital set a C$23.75 price target on shares of Teck Resources and gave the stock a “buy” rating in a research report on Saturday, August 6th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. Teck Resources has an average rating of “Hold” and an average price target of C$18.78.

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