Teck Resources (TSE:TECK.B) PT Lowered to C$84.00

Teck Resources (TSE:TECK.B) had its price objective lowered by Scotiabank from C$85.00 to C$84.00 in a research report released on Thursday, BayStreet.CA reports.

TECK.B has been the subject of several other research reports. National Bankshares raised their target price on shares of Teck Resources from C$82.50 to C$86.00 and gave the stock an outperform rating in a report on Monday, July 15th. Royal Bank of Canada lowered their target price on shares of Teck Resources from C$91.00 to C$88.00 in a report on Thursday. CIBC set a C$80.00 target price on shares of Teck Resources and gave the stock an outperform rating in a report on Friday, July 12th. JPMorgan Chase & Co. raised their target price on shares of Teck Resources from C$72.00 to C$76.00 in a report on Thursday, July 18th. Finally, Jefferies Financial Group raised their target price on shares of Teck Resources from C$80.00 to C$85.00 in a report on Monday, July 8th. Eleven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Teck Resources has an average rating of Buy and a consensus target price of C$77.00.

Teck Resources Price Performance

TECK.B stock opened at C$65.63 on Thursday. Teck Resources has a 52 week low of C$47.47 and a 52 week high of C$74.37. The company has a quick ratio of 0.97, a current ratio of 1.49 and a debt-to-equity ratio of 37.28. The company has a fifty day simple moving average of C$67.17 and a two-hundred day simple moving average of C$61.91. The firm has a market capitalization of C$33.56 billion, a P/E ratio of 21.45, a price-to-earnings-growth ratio of -0.38 and a beta of 1.42.

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.