Teck Resources (TSE:TECK.B) Price Target Lowered to C$74.00 at Scotiabank

Teck Resources (TSE:TECK.B) had its target price decreased by analysts at Scotiabank from C$79.00 to C$74.00 in a report issued on Friday, BayStreet.CA reports. Scotiabank’s price objective would indicate a potential upside of 12.31% from the stock’s previous close.

TECK.B has been the topic of several other research reports. National Bankshares lifted their price target on shares of Teck Resources from C$86.00 to C$90.00 in a report on Tuesday, October 15th. Jefferies Financial Group boosted their price target on shares of Teck Resources from C$80.00 to C$85.00 in a research report on Monday, July 8th. Citigroup raised their price objective on shares of Teck Resources from C$64.00 to C$74.00 and gave the stock a “neutral” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. lifted their price target on Teck Resources from C$74.00 to C$78.00 in a research report on Tuesday, October 15th. Finally, CIBC set a C$80.00 price objective on Teck Resources and gave the company an “outperform” rating in a research report on Friday, July 12th. One investment analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$76.63.

Teck Resources Trading Up 1.6 %

Shares of TSE:TECK.B traded up C$1.04 during midday trading on Friday, hitting C$65.89. 616,107 shares of the stock traded hands, compared to its average volume of 1,183,177. The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 37.46. The business’s 50 day moving average is C$66.34 and its two-hundred day moving average is C$66.62. The stock has a market capitalization of C$33.74 billion, a PE ratio of 23.62, a P/E/G ratio of -0.38 and a beta of 1.37. Teck Resources has a one year low of C$47.47 and a one year high of C$74.37.

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.