Jefferies Financial Group Increases Teck Resources (TSE:TECK.B) Price Target to C$80.00

Teck Resources (TSE:TECK.B) had its target price boosted by equities research analysts at Jefferies Financial Group from C$75.00 to C$80.00 in a research report issued on Friday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 21.19% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the company. National Bankshares raised their target price on Teck Resources from C$66.00 to C$70.00 in a report on Friday, February 23rd. Bank of America increased their price target on Teck Resources from C$67.00 to C$88.00 in a research note on Tuesday, April 9th. UBS Group dropped their price target on Teck Resources from C$64.00 to C$63.00 in a research note on Wednesday, January 17th. Canaccord Genuity Group dropped their price target on Teck Resources from C$62.00 to C$56.00 and set a “buy” rating for the company in a research note on Thursday, January 18th. Finally, B. Riley dropped their price target on Teck Resources from C$72.00 to C$59.00 and set a “buy” rating for the company in a research note on Tuesday, January 23rd. Eleven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Teck Resources currently has a consensus rating of “Buy” and a consensus price target of C$68.60.

Teck Resources Trading Down 0.7 %

Shares of TSE:TECK.B opened at C$66.01 on Friday. The business’s 50 day simple moving average is C$56.97 and its 200 day simple moving average is C$54.14. The company has a market capitalization of C$33.70 billion, a P/E ratio of 14.23, a P/E/G ratio of -0.38 and a beta of 1.44. Teck Resources has a 1 year low of C$47.47 and a 1 year high of C$69.41. The company has a debt-to-equity ratio of 39.21, a current ratio of 1.10 and a quick ratio of 0.97.

About Teck Resources

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.