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

Teck Resources (TSE:TECK.B) 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.

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

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.