Todays Report: Today, Teck Resources Ltd (TCK.B) Upgraded by RBC Capital Markets to Outperform

Today, Teck Resources Ltd (TCK.B) Upgraded by RBC Capital Markets to Outperform

RBC Capital Markets upgraded shares of Teck Resources Ltd (TSE:TCK.B) from a sector perform rating to an outperform rating in a research report sent to investors on Monday morning. RBC Capital Markets currently has C$30.00 price objective on the stock, up from their previous price objective of C$23.00.

TCK.B has been the topic of several other research reports. Canaccord Genuity boosted their price target on Teck Resources from C$16.50 to C$19.50 in a research note on Friday, July 29th. Barclays PLC boosted their price target on Teck Resources from C$16.00 to C$22.00 in a research note on Monday. Scotiabank set a C$18.00 price target on Teck Resources and gave the company a sector perform rating in a research note on Friday, August 19th. Paradigm Capital set a C$23.75 price target on Teck Resources and gave the company a buy rating in a research note on Saturday, August 6th. Finally, BMO Capital Markets boosted their price target on Teck Resources from C$16.00 to C$22.50 in a research note on Thursday, September 29th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. Teck Resources presently has a consensus rating of Hold and an average target price of C$22.17.

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