8 Analysts Have This to Say About Teck Resources
Portfolio Pulse from Benzinga Insights
Teck Resources (NYSE:TECK) has received 8 analyst ratings in the last quarter, with an average 12-month price target of $55.00, a decrease from the previous target of $59.80. The ratings consist of 4 bullish and 4 somewhat bullish, with no indifferent, somewhat bearish, or bearish ratings. The high price target is $78.00 and the low is $45.00. Analyst ratings are based on future earnings and revenue predictions and are updated quarterly or after major company events.
December 07, 2023 | 2:00 pm
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POSITIVE IMPACT
Teck Resources has a positive outlook from analysts with 8 bullish ratings and a current average price target of $55, down from $59.80. This suggests a potential upside from the current price.
The unanimous bullish and somewhat bullish ratings from analysts indicate a positive sentiment towards Teck Resources. The decrease in the average price target may slightly temper expectations, but the overall positive outlook is likely to have a favorable impact on the stock price in the short term. The confidence score is high due to the clear consensus among analysts, but not at 100 because analyst predictions are not always accurate.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100