Teck Resources (TSE:TECK.B) Price Target Cut to C$34.50

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Teck Resources (TSE:TECK.B) had its target price cut by National Bank Financial from C$37.50 to C$34.50 in a research note published on Monday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

TECK.B has been the subject of a number of other research reports. CSFB boosted their price objective on shares of Teck Resources from C$38.00 to C$42.00 in a report on Thursday, April 18th. BMO Capital Markets cut their price objective on shares of Teck Resources from C$48.00 to C$42.00 in a report on Friday, July 26th. JPMorgan Chase & Co. set a C$48.00 price objective on shares of Teck Resources in a report on Friday, July 26th. TD Securities downgraded shares of Teck Resources from an action list buy rating to a buy rating and cut their price objective for the company from C$44.00 to C$38.00 in a report on Monday, July 22nd. Finally, Royal Bank of Canada cut their price objective on shares of Teck Resources from C$48.00 to C$47.00 and set an outperform rating for the company in a report on Friday, July 26th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of C$41.21.

TSE TECK.B opened at C$22.20 on Monday. The company has a quick ratio of 1.46, a current ratio of 2.47 and a debt-to-equity ratio of 24.04. The company has a market cap of $16.77 billion and a P/E ratio of 4.96. Teck Resources has a 12-month low of C$22.80 and a 12-month high of C$34.31. The firm has a 50-day simple moving average of C$27.34.

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.

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

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