Analysts at Scotia Capital Reconfirmed their Outperform rating for Teck Resources (TSE:TECK.B) with $38.00 TP; Glenmede Trust Company Na Has Lowered Lincoln National Ind (LNC) Position By $799,500

December 6, 2017 - By Hazel Jackson

Scotia Capital have a $38.00 PT on the stock. The PT means a potential upside of 30.00% from Teck Resources (TSE:TECK.B)‘s last close price. This rating was disclosed to clients in an analyst report on 6 December.

Glenmede Trust Company Na decreased Lincoln National Corp Ind (LNC) stake by 20.28% reported in 2017Q2 SEC filing. Glenmede Trust Company Na sold 12,300 shares as Lincoln National Corp Ind (LNC)’s stock declined 8.83%. The Glenmede Trust Company Na holds 48,352 shares with $3.16M value, down from 60,652 last quarter. Lincoln National Corp Ind now has $16.80B valuation. The stock increased 1.12% or $0.85 during the last trading session, reaching $76.76. About 746,948 shares traded. Lincoln National Corporation (NYSE:LNC) has risen 47.27% since December 6, 2016 and is uptrending. It has outperformed by 30.57% the S&P500.

The stock increased 0.83% or $0.24 during the last trading session, reaching $29.23. About 1.81M shares traded. Teck Resources Limited (TSE:TECK.B) has 0.00% since December 6, 2016 and is . It has underperformed by 16.70% the S&P500.

Teck Resources Limited explores for, develops, and produces natural resources in the Americas, the Asia Pacific, and Europe. The company has market cap of $16.91 billion. The companyÂ’s principal products comprise steelmaking coal; copper concentrates and refined copper cathodes; refined zinc and zinc concentrates; and lead concentrates. It has a 7.02 P/E ratio. It also produces molybdenum, gold, silver, germanium, indium, and cadmium, as well as chemicals, industrial products, and fertilizers.

Among 9 analysts covering Teck Resources (TSE:TECK.B), 9 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Teck Resources has $41 highest and $34 lowest target. $37.08’s average target is 26.86% above currents $29.23 stock price. Teck Resources had 40 analyst reports since December 13, 2016 according to SRatingsIntel. The firm earned “Outperform” rating on Tuesday, January 10 by Scotia Capital. The rating was maintained by TD Securities on Wednesday, March 8 with “Buy”. As per Thursday, March 30, the company rating was maintained by Scotia Capital. Eight Capital maintained the stock with “Buy” rating in Thursday, August 17 report. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, February 3 report. As per Thursday, April 13, the company rating was initiated by Credit Suisse. The stock of Teck Resources Limited (TSE:TECK.B) earned “Outperform” rating by RBC Capital Markets on Friday, February 10. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, March 31 report. RBC Capital Markets maintained the shares of TECK.B in report on Tuesday, December 13 with “Outperform” rating. The stock of Teck Resources Limited (TSE:TECK.B) earned “” rating by BMO Capital Markets on Monday, April 3.

Investors sentiment increased to 0.92 in Q2 2017. Its up 0.12, from 0.8 in 2017Q1. It is positive, as 43 investors sold LNC shares while 218 reduced holdings. 71 funds opened positions while 168 raised stakes. 172.72 million shares or 1.79% less from 175.88 million shares in 2017Q1 were reported. The California-based United Financial Advisers Ltd Liability has invested 0% in Lincoln National Corporation (NYSE:LNC). Moreover, Virginia Retirement Systems Et Al has 0.26% invested in Lincoln National Corporation (NYSE:LNC). Teachers Retirement Of The State Of Kentucky reported 0.46% stake. M&R Cap reported 600 shares stake. Gsa Prtnrs Ltd Liability Partnership reported 16,909 shares. Brown Advisory holds 19,350 shares or 0% of its portfolio. Leavell Investment has invested 0.11% of its portfolio in Lincoln National Corporation (NYSE:LNC). The Illinois-based North Star Invest Management Corp has invested 0.03% in Lincoln National Corporation (NYSE:LNC). Hbk Invests Lp reported 0.01% of its portfolio in Lincoln National Corporation (NYSE:LNC). Assetmark has invested 0.02% in Lincoln National Corporation (NYSE:LNC). Argent stated it has 0.2% in Lincoln National Corporation (NYSE:LNC). State Treasurer State Of Michigan has 0.04% invested in Lincoln National Corporation (NYSE:LNC) for 73,681 shares. Bank Of Nova Scotia holds 0.02% or 50,536 shares. Profund Advsr Limited Liability Corp holds 0.02% or 5,053 shares in its portfolio. Boothbay Fund Mgmt Limited Liability, New York-based fund reported 4,932 shares.

Analysts await Lincoln National Corporation (NYSE:LNC) to report earnings on February, 7. They expect $1.93 EPS, up 9.04% or $0.16 from last year’s $1.77 per share. LNC’s profit will be $422.33M for 9.94 P/E if the $1.93 EPS becomes a reality. After $2.03 actual EPS reported by Lincoln National Corporation for the previous quarter, Wall Street now forecasts -4.93% negative EPS growth.

Glenmede Trust Company Na increased Builders Firstsource Inc (NASDAQ:BLDR) stake by 549,590 shares to 3.08 million valued at $45.81 million in 2017Q2. It also upped Kimberly Clark Corp. (NYSE:KMB) stake by 188,805 shares and now owns 347,981 shares. Eqt Corp Com (NYSE:EQT) was raised too.

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