Teck Resources (TSE:TECK.B) Price Target Raised to C$80.00

Teck Resources (TSE:TECK.B) had its price target raised by Jefferies Financial Group from C$75.00 to C$80.00 in a research note released on Friday, BayStreet.CA reports. They currently have a buy rating on the stock.

Several other equities research analysts have also issued reports on TECK.B. Canaccord Genuity Group decreased their price target on shares of Teck Resources from C$62.00 to C$56.00 and set a buy rating on the stock in a report on Thursday, January 18th. B. Riley decreased their price target on shares of Teck Resources from C$72.00 to C$59.00 and set a buy rating on the stock in a report on Tuesday, January 23rd. National Bankshares boosted their target price on shares of Teck Resources from C$66.00 to C$70.00 in a report on Friday, February 23rd. Scotiabank boosted their target price on shares of Teck Resources from C$69.00 to C$71.00 and gave the stock an outperform rating in a report on Monday, January 15th. Finally, Raymond James reduced their target price on shares of Teck Resources from C$65.00 to C$64.00 in a report on Friday, March 1st. Eleven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Teck Resources presently has a consensus rating of Buy and an average price target of C$68.60.

Teck Resources Trading Down 0.7 %

Shares of Teck Resources stock opened at C$66.01 on Friday. The firm has a market capitalization of C$33.70 billion, a PE ratio of 14.23, a price-to-earnings-growth ratio of -0.38 and a beta of 1.44. The company has a current ratio of 1.10, a quick ratio of 0.97 and a debt-to-equity ratio of 39.21. The firm’s 50 day moving average is C$56.97 and its 200 day moving average is C$54.14. Teck Resources has a 1 year low of C$47.47 and a 1 year high of C$69.41.

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.