Teck Resources (TSE:TECK.B) had its price target reduced by equities research analysts at Royal Bank of Canada from C$28.00 to C$24.00 in a research report issued on Wednesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price suggests a potential upside of 126.63% from the stock’s previous close.
A number of other research firms have also recently commented on TECK.B. BMO Capital Markets decreased their price objective on Teck Resources from C$34.00 to C$31.00 in a report on Tuesday, February 11th. National Bank Financial decreased their price objective on Teck Resources from C$23.00 to C$20.00 and set an “outperform” rating on the stock in a report on Monday. TD Securities decreased their price objective on Teck Resources from C$29.00 to C$27.00 and set a “buy” rating on the stock in a report on Monday, February 24th. Citigroup upgraded Teck Resources from a “neutral” rating to a “buy” rating and upped their price objective for the company from C$25.00 to C$27.00 in a report on Monday, December 16th. Finally, Raymond James decreased their price objective on Teck Resources from C$31.00 to C$27.00 and set an “outperform” rating on the stock in a report on Monday, February 24th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of C$28.71.
TECK.B opened at C$10.59 on Wednesday. Teck Resources has a one year low of C$8.15 and a one year high of C$34.31. The stock has a market capitalization of $5.95 billion and a PE ratio of -9.80. The business’s 50 day moving average price is C$14.23 and its 200 day moving average price is C$19.67. The company has a debt-to-equity ratio of 26.03, a quick ratio of 0.79 and a current ratio of 1.62.
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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