Teck Resources (TSE:TECK.B) Price Target Increased to C$75.00 by Analysts at Canaccord Genuity Group

Teck Resources (TSE:TECK.B) had its target price increased by stock analysts at Canaccord Genuity Group from C$59.00 to C$75.00 in a research report issued on Wednesday, BayStreet.CA reports. Canaccord Genuity Group’s price target would indicate a potential upside of 14.09% from the company’s previous close.

TECK.B has been the subject of several other reports. National Bankshares upped their target price on Teck Resources from C$66.00 to C$70.00 in a research note on Friday, February 23rd. UBS Group reduced their target price on Teck Resources from C$64.00 to C$63.00 in a research note on Wednesday, January 17th. Raymond James reduced their target price on Teck Resources from C$65.00 to C$64.00 in a research note on Friday, March 1st. B. Riley reduced their target price on Teck Resources from C$72.00 to C$59.00 and set a “buy” rating for the company in a research note on Tuesday, January 23rd. Finally, Jefferies Financial Group increased their price objective on Teck Resources from C$75.00 to C$80.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Eleven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$71.29.

Teck Resources Price Performance

Shares of TSE TECK.B opened at C$65.74 on Wednesday. The business’s 50 day moving average price is C$58.07 and its 200 day moving average price is C$54.39. The firm has a market cap of C$33.56 billion, a P/E ratio of 14.17, a P/E/G ratio of -0.38 and a beta of 1.44. Teck Resources has a 52 week low of C$47.47 and a 52 week high of C$69.41. The company has a quick ratio of 0.97, a current ratio of 1.10 and a debt-to-equity ratio of 39.21.

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.