Teck Resources (TSE:TECK.B) Stock Rating Lowered by National Bankshares

Teck Resources (TSE:TECK.BGet Free Report) was downgraded by National Bankshares from an “outperform” rating to a “sector perform” rating in a report issued on Tuesday,BayStreet.CA reports. They currently have a C$77.50 price target on the stock, down from their prior price target of C$85.00. National Bankshares’ target price suggests a potential upside of 19.14% from the company’s current price.

A number of other research analysts also recently issued reports on TECK.B. JPMorgan Chase & Co. decreased their price target on shares of Teck Resources from C$78.00 to C$76.00 in a research note on Friday, October 25th. Citigroup lifted their price objective on shares of Teck Resources from C$64.00 to C$74.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. Canaccord Genuity Group dropped their target price on Teck Resources from C$80.00 to C$78.00 in a report on Friday, October 25th. Royal Bank of Canada decreased their price target on Teck Resources from C$88.00 to C$85.00 and set an “outperform” rating for the company in a report on Tuesday, September 10th. Finally, Scotiabank increased their price objective on Teck Resources from C$74.00 to C$75.00 in a report on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$76.30.

Check Out Our Latest Stock Report on Teck Resources

Teck Resources Stock Down 1.9 %

Shares of TECK.B traded down C$1.28 during midday trading on Tuesday, hitting C$65.05. The company had a trading volume of 446,725 shares, compared to its average volume of 1,161,802. Teck Resources has a 1 year low of C$49.30 and a 1 year high of C$74.37. The firm has a market capitalization of C$33.31 billion, a P/E ratio of 23.34, a P/E/G ratio of -0.38 and a beta of 1.37. The company has a debt-to-equity ratio of 37.46, a quick ratio of 0.97 and a current ratio of 1.48. The company’s 50-day simple moving average is C$67.13 and its 200-day simple moving average is C$66.23.

Teck Resources Company Profile

(Get Free Report)

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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