Today, Teck Resources Ltd (TCK.B) Price Target Raised to C$44.00 at CIBC

Today, Teck Resources Ltd (TCK.B) Price Target Raised to C$44.00 at CIBC
Teck Resources Ltd (TSE:TCK.B) (NYSE:TCK) had its target price raised by CIBC from C$33.00 to C$44.00 in a research note published on Thursday. The brokerage currently has an outperform rating on the stock.

TCK.B has been the subject of a number of other research reports. Paradigm Capital upped their price target on Teck Resources from C$23.75 to C$29.00 and gave the company a buy rating in a research report on Wednesday, September 21st. Scotiabank upped their price target on Teck Resources from C$18.00 to C$24.00 and gave the company a sector perform rating in a research report on Friday, September 9th. BMO Capital Markets upped their price target on Teck Resources from C$16.00 to C$22.50 in a research report on Thursday, September 29th. Canaccord Genuity upped their price target on Teck Resources from C$19.50 to C$28.50 and gave the company a hold rating in a research report on Monday, October 24th. Finally, TD Securities upped their price target on Teck Resources from C$30.00 to C$33.00 in a research report on Friday, October 21st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company. Teck Resources currently has a consensus rating of Hold and an average target price of C$27.85.

In related news, insider Tim Watson sold 30,666 shares of the firm’s stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of C$29.46, for a total value of C$903,420.36. Also, insider Ray Reipas sold 30,000 shares of the firm’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of C$28.87, for a total value of C$866,100.00.

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