Trade Report: Today, Royal Bank Of Canada Raises Teck Resources Ltd (TCK.B) Price Target to C$40.00

Today, Royal Bank Of Canada Raises Teck Resources Ltd (TCK.B) Price Target to C$40.00

Teck Resources Ltd (TSE:TCK.B) (NYSE:TCK) had its target price lifted by Royal Bank Of Canada from C$35.00 to C$40.00 in a research report sent to investors on Thursday, StockTargetPrices.com reports. Royal Bank Of Canada currently has an outperform rating on the stock.

Other analysts have also issued research reports about the company. CIBC raised their target price on Teck Resources from C$23.00 to C$28.00 in a report on Wednesday, September 14th. Scotiabank raised their target price on Teck Resources from C$18.00 to C$24.00 and gave the company a sector perform rating in a report on Friday, September 9th. TD Securities reaffirmed a buy rating and issued a C$24.00 target price on shares of Teck Resources in a report on Wednesday, August 24th. Raymond James Financial Inc. raised their target price on Teck Resources from C$19.00 to C$21.00 and gave the company a market perform rating in a report on Wednesday, August 24th. Finally, Berenberg Bank set a C$13.00 target price on Teck Resources and gave the company a sell rating in a report on Friday, August 19th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. The company has an average rating of Hold and an average target price of C$28.15.

In other Teck Resources news, insider Tim Watson sold 30,666 shares of the business’s stock in a transaction dated 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 business’s stock in a transaction dated Monday, November 7th. The shares were sold at an average price of C$28.87, for a total value of C$866,100.00.

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