Teck Resources Ltd (TCK.B) Receives Consensus Recommendation of “Buy” from Analysts
Shares of Teck Resources Ltd (TSE:TCK.B) (NYSE:TCK) have been given a consensus rating of “Buy” by the eighteen brokerages that are covering the firm. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$33.13.
Several equities research analysts have recently issued reports on the company. FBR & Co raised their price objective on Teck Resources from C$33.00 to C$38.00 and gave the stock an “outperform” rating in a report on Monday, January 23rd. JPMorgan Chase & Co. decreased their price objective on Teck Resources to C$32.00 in a report on Monday, January 23rd.
Teck Resources Company Profile
Teck Resources Limited is engaged in the business of exploring for, acquiring, developing and producing natural resources. The Company’s activities are organized into business units that are focused on steelmaking coal, copper, zinc and energy. It operates in five segments: steelmaking coal, copper, zinc, energy and corporate.
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