Teck Resources (TSE:TECK.B) Rating Lowered to “Sector Perform” at National Bankshares

Teck Resources (TSE:TECK.B) was downgraded by equities researchers at 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 objective on the stock, down from their previous price objective of C$85.00. National Bankshares’ target price would indicate a potential upside of 19.34% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. Canaccord Genuity Group cut their price target on shares of Teck Resources from C$80.00 to C$78.00 in a report on Friday, October 25th. Scotiabank lifted their price objective on Teck Resources from C$74.00 to C$75.00 in a research report on Wednesday, November 6th. Citigroup upped their target price on Teck Resources from C$64.00 to C$74.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. Raymond James upped their price objective on shares of Teck Resources from C$74.00 to C$75.00 in a report on Wednesday, November 6th. Finally, Royal Bank of Canada lowered their price objective on shares of 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. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, Teck Resources has an average rating of “Moderate Buy” and an average price target of C$76.30.

Teck Resources Stock Up 0.7 %

Shares of TSE:TECK.B opened at C$64.94 on Tuesday. The stock has a market capitalization of C$33.25 billion, a P/E ratio of 23.26, a price-to-earnings-growth ratio of -0.38 and a beta of 1.37. The stock’s 50-day moving average price is C$66.98 and its 200-day moving average price is C$66.16. The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 37.46. Teck Resources has a 12-month low of C$49.30 and a 12-month high of C$74.37.

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.