Teck Resources (TSE:TECK.B) PT Lowered to C$74.00

Teck Resources (TSE:TECK.B) had its price objective trimmed by Scotiabank from C$79.00 to C$74.00 in a research report sent to investors on Friday morning, BayStreet.CA reports.

A number of other equities analysts also recently issued reports on TECK.B. CIBC set a C$80.00 price target on Teck Resources and gave the stock an “outperform” rating in a research note on Friday, July 12th. Bank of America lowered their price objective on shares of Teck Resources from C$88.00 to C$87.00 in a research note on Friday, July 5th. Jefferies Financial Group boosted their target price on shares of Teck Resources from C$80.00 to C$85.00 in a research report on Monday, July 8th. Eight Capital increased their price target on shares of Teck Resources from C$72.00 to C$75.00 in a research report on Thursday, July 11th. Finally, National Bankshares boosted their price objective on shares of Teck Resources from C$86.00 to C$90.00 in a research report on Tuesday, October 15th. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$76.63.

Teck Resources Stock Up 1.5 %

TECK.B opened at C$65.80 on Friday. The stock has a market capitalization of C$33.69 billion, a price-to-earnings ratio of 23.58, a PEG ratio of -0.38 and a beta of 1.37. The firm has a 50 day moving average price of C$66.37 and a 200-day moving average price of C$66.64. Teck Resources has a twelve month low of C$47.47 and a twelve month high of C$74.37. The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 37.46.

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.