Today, Teck Resources Ltd (TCK.B) PT Raised to C$35.00

Today, Teck Resources Ltd (TCK.B) PT Raised to C$35.00

Teck Resources Ltd (TSE:TCK.B) (NYSE:TCK) had its price target increased by analysts at CSFB from C$33.00 to C$35.00 in a report released on Friday, StockTargetPrices.com reports.

A number of other research analysts have also weighed in on TCK.B. Dundee Securities upped their price objective on Teck Resources from C$21.00 to C$31.50 and gave the stock a “buy” rating in a report on Friday, October 14th. TD Securities upped their price objective on Teck Resources from C$30.00 to C$33.00 in a report on Friday, October 21st. Canaccord Genuity upped their price objective on Teck Resources from C$16.50 to C$19.50 in a report on Friday, July 29th. Berenberg Bank set a C$13.00 price objective on Teck Resources and gave the stock a “sell” rating in a report on Friday, August 19th. Finally, Deutsche Bank AG raised Teck Resources to a “buy” rating in a report on Friday, October 7th. 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 stock. The stock currently has a consensus rating of “Hold” and an average target price of C$28.15.

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

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