Teck Resources (TSE:TECK.B) PT Lowered to C$67.00

Teck Resources (TSE:TECK.B) had its target price reduced by investment analysts at Raymond James from C$68.00 to C$67.00 in a research note issued to investors on Thursday, BayStreet.CA reports. Raymond James’ price objective points to a potential upside of 37.32% from the stock’s current price.

TECK.B has been the subject of several other reports. National Bankshares raised shares of Teck Resources from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from C$67.00 to C$70.00 in a report on Friday, July 28th. JPMorgan Chase & Co. set a C$52.00 price objective on shares of Teck Resources and gave the stock an “overweight” rating in a report on Tuesday, October 17th. Scotiabank cut their price objective on shares of Teck Resources from C$75.00 to C$72.00 and set an “outperform” rating for the company in a report on Wednesday, October 25th. Jefferies Financial Group raised their price objective on shares of Teck Resources from C$70.00 to C$73.00 and gave the stock a “buy” rating in a report on Monday, November 6th. Finally, Stifel Nicolaus raised their price objective on shares of Teck Resources from C$68.00 to C$71.00 in a report on Monday, October 16th. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$64.44.

Teck Resources Trading Up 2.6 %

Shares of TECK.B stock opened at C$48.79 on Thursday. The company has a 50 day moving average of C$54.02 and a 200-day moving average of C$55.30. The company has a quick ratio of 0.97, a current ratio of 1.20 and a debt-to-equity ratio of 37.91. Teck Resources has a 12-month low of C$42.39 and a 12-month high of C$66.04. The firm has a market cap of C$24.99 billion, a P/E ratio of 11.48, a PEG ratio of -0.38 and a beta of 1.26.

Teck Resources Company Profile

Teck Resources Limited researches, explores for, develops, and produces natural resources in the Asia Pacific, the Americas, and Europe. It operates through five segments: Steelmaking, Coal, Copper, Zinc, Energy, and Corporate. The company's principal products include steelmaking coal; copper concentrates and refined copper cathodes; refined zinc and zinc concentrates; energy products, such as bitumen; and lead concentrates.