Teck Resources (TSE:TECK.B) PT Lowered to C$31.50

Teck Resources (TSE:TECK.B) had its price objective lowered by National Bank Financial from C$34.50 to C$31.50 in a research report sent to investors on Thursday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other research analysts have also recently commented on TECK.B. BMO Capital Markets reduced their target price on Teck Resources from C$48.00 to C$42.00 in a research note on Friday, July 26th. Royal Bank of Canada cut their price target on shares of Teck Resources from C$48.00 to C$47.00 and set an outperform rating for the company in a research report on Friday, July 26th. JPMorgan Chase & Co. set a C$48.00 price target on shares of Teck Resources in a research report on Friday, July 26th. TD Securities lowered shares of Teck Resources from an action list buy rating to a buy rating and dropped their target price for the stock from C$44.00 to C$38.00 in a report on Monday, July 22nd. Finally, Raymond James dropped their target price on shares of Teck Resources from C$45.00 to C$43.00 and set an outperform rating for the company in a report on Friday, July 26th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of C$40.79.

TECK.B traded up C$0.25 during trading on Thursday, reaching C$25.32. The stock had a trading volume of 894,853 shares, compared to its average volume of 1,990,000. The stock has a market cap of $16.77 billion and a PE ratio of 5.66. The company has a debt-to-equity ratio of 24.04, a quick ratio of 1.46 and a current ratio of 2.47. Teck Resources has a one year low of C$21.50 and a one year high of C$34.31. The business has a 50-day moving average of C$23.67 and a 200-day moving average of C$28.26.

About Teck Resources

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.

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Analyst Recommendations for Teck Resources (TSE:TECK.B)

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