The Teck Resources (TECK) Receives $26.50 Average Target Price from Brokerages

The Teck Resources (TECK) Receives $26.50 Average Target Price from Brokerages

Teck Resources (NASDAQ:TECK) has earned an average recommendation of “Buy” from the six brokerages that are currently covering the company. Five analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $26.50.

Several research analysts have recently commented on the company. Scotiabank raised Teck Resources from a “sector perform” rating to an “outperform” rating in a report on Wednesday, January 11th. Macquarie raised Teck Resources from a “neutral” rating to an “outperform” rating in a report on Tuesday, December 20th. MKM Partners assumed coverage on Teck Resources in a report on Tuesday, December 20th. They set a “buy” rating and a $29.00 price objective for the company. Zacks Investment Research raised Teck Resources from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective for the company in a report on Friday, December 16th. Finally, Canaccord Genuity raised Teck Resources from a “hold” rating to a “buy” rating in a report on Monday, December 12th.

Teck Resources (NASDAQ:TECK) opened at 23.71 on Thursday. The company’s market cap is $13.67 billion. Teck Resources has a 12-month low of $3.35 and a 12-month high of $26.60. The firm’s 50-day moving average is $22.41 and its 200 day moving average is $19.09.

The company also recently announced a dividend, which was paid on Friday, December 30th. Shareholders of record on Thursday, December 15th were paid a $0.0372 dividend. The ex-dividend date of this dividend was Tuesday, December 13th.

Teck Resources Company Profile

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