Teck Resources (TSE:TECK.B) Given New C$80.00 Price Target at Jefferies Financial Group

Teck Resources (TSE:TECK.B) had its target price boosted by Jefferies Financial Group from C$75.00 to C$80.00 in a research note published on Friday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

TECK.B has been the subject of several other research reports. UBS Group reduced their price objective on shares of Teck Resources from C$64.00 to C$63.00 in a research note on Wednesday, January 17th. National Bankshares lifted their price objective on shares of Teck Resources from C$66.00 to C$70.00 in a research note on Friday, February 23rd. Scotiabank lifted their price objective on shares of Teck Resources from C$69.00 to C$71.00 and gave the company an outperform rating in a research note on Monday, January 15th. Bank of America boosted their target price on shares of Teck Resources from C$67.00 to C$88.00 in a research report on Tuesday. Finally, Canaccord Genuity Group cut their target price on shares of Teck Resources from C$62.00 to C$56.00 and set a buy rating for the company in a research report on Thursday, January 18th. Eleven analysts have rated the stock with a buy rating, According to MarketBeat.com, Teck Resources currently has a consensus rating of Buy and a consensus price target of C$68.60.

Teck Resources Trading Down 0.7 %

Teck Resources stock opened at C$66.01 on Friday. The company’s fifty day simple moving average is C$56.97 and its 200-day simple moving average is C$54.14. 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 has a 12 month low of C$47.47 and a 12 month high of C$69.41. The stock has a market cap of C$33.70 billion, a P/E ratio of 14.23, a P/E/G ratio of -0.38 and a beta of 1.44.

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.