National Bank Financial Cuts Teck Resources (TSE:TECK.B) Price Target to C$20.00

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Teck Resources (TSE:TECK.B) had its price objective decreased by National Bank Financial from C$23.00 to C$20.00 in a research report report published on Monday, BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock.

Several other research analysts have also weighed in on the company. Scotiabank lowered their price objective on Teck Resources from C$30.00 to C$26.00 in a research report on Monday, February 24th. Canaccord Genuity lowered their price objective on Teck Resources from C$27.50 to C$25.50 in a research report on Monday, February 24th. Citigroup raised Teck Resources from a neutral rating to a buy rating and lifted their price objective for the stock from C$25.00 to C$27.00 in a research report on Monday, December 16th. BMO Capital Markets lowered their price objective on Teck Resources from C$34.00 to C$31.00 in a research report on Tuesday, February 11th. Finally, TD Securities lowered their price objective on Teck Resources from C$29.00 to C$27.00 and set a buy rating for the company in a research report on Monday, February 24th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of Buy and an average target price of C$28.71.

Shares of TSE:TECK.B opened at C$11.02 on Monday. The firm has a market cap of $5.99 billion and a P/E ratio of -10.19. The company has a quick ratio of 0.79, a current ratio of 1.62 and a debt-to-equity ratio of 26.03. Teck Resources has a 12-month low of C$8.15 and a 12-month high of C$34.31. The business has a fifty day simple moving average of C$14.37 and a 200 day simple moving average of C$19.73.

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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