Teck Resources (TSE:TECK.B) Price Target Lowered to C$87.00 at Bank of America

Teck Resources (TSE:TECK.BFree Report) had its price target trimmed by Bank of America from C$88.00 to C$87.00 in a report issued on Friday morning, BayStreet.CA reports.

Several other equities analysts have also commented on the stock. Raymond James upped their price target on shares of Teck Resources from C$70.00 to C$71.00 and gave the stock an outperform rating in a research report on Monday, April 29th. Jefferies Financial Group upped their price target on shares of Teck Resources from C$75.00 to C$80.00 and gave the stock a buy rating in a research report on Friday, April 12th. Scotiabank upped their price target on shares of Teck Resources from C$75.00 to C$83.00 and gave the stock an outperform rating in a research report on Thursday, May 30th. JPMorgan Chase & Co. upped their price target on shares of Teck Resources from C$70.00 to C$72.00 and gave the stock an overweight rating in a research report on Friday, April 26th. Finally, National Bankshares upped their price target on shares of Teck Resources from C$77.50 to C$82.00 and gave the stock an outperform rating in a research report on Monday, June 10th. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of Buy and a consensus target price of C$74.55.

Get Our Latest Analysis on Teck Resources

Teck Resources Stock Performance

TSE:TECK.B opened at C$68.74 on Friday. The firm has a 50 day simple moving average of C$68.31 and a 200-day simple moving average of C$60.62. The company has a debt-to-equity ratio of 37.28, a current ratio of 1.49 and a quick ratio of 0.97. The firm has a market cap of C$35.15 billion, a PE ratio of 22.46, a P/E/G ratio of -0.38 and a beta of 1.42. Teck Resources has a 1-year low of C$47.47 and a 1-year high of C$74.37.

About Teck Resources

(Get Free Report)

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.

Recommended Stories

Analyst Recommendations for Teck Resources (TSE:TECK.B)

Receive News & Ratings for Teck Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teck Resources and related companies with MarketBeat.com's FREE daily email newsletter.