Raymond James Raises Teck Resources (TSE:TECK.B) Price Target to C$74.00

Teck Resources (TSE:TECK.B) had its price target upped by Raymond James from C$73.00 to C$74.00 in a report published on Friday, BayStreet.CA reports.

TECK.B has been the topic of a number of other reports. Royal Bank of Canada cut their price target on Teck Resources from C$88.00 to C$85.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 10th. Citigroup raised their price target on Teck Resources from C$64.00 to C$74.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd. Canaccord Genuity Group cut their price target on Teck Resources from C$80.00 to C$76.00 in a research note on Monday, July 22nd. CIBC set a C$80.00 price target on Teck Resources and gave the company an “outperform” rating in a research note on Friday, July 12th. Finally, Bank of America dropped their price objective on Teck Resources from C$88.00 to C$87.00 in a report on Friday, July 5th. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$76.63.

Teck Resources Stock Up 1.5 %

Shares of TSE TECK.B opened at C$65.80 on Friday. The stock has a market cap of C$33.69 billion, a P/E ratio of 23.58, a PEG ratio of -0.38 and a beta of 1.37. 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$47.47 and a 12-month high of C$74.37. The business’s fifty day simple moving average is C$66.34 and its 200-day simple moving average is C$66.62.

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.