Teck Resources (TSE:TECK.B) Price Target Lowered to C$56.00 at Canaccord Genuity Group

Teck Resources (TSE:TECK.BGet Free Report) had its price objective dropped by equities research analysts at Canaccord Genuity Group from C$62.00 to C$56.00 in a research note issued on Thursday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 8.34% from the stock’s current price.

Several other equities analysts have also recently commented on the stock. Raymond James cut their target price on shares of Teck Resources from C$66.00 to C$65.00 and set an “outperform” rating for the company in a research note on Wednesday. Stifel Nicolaus increased their price objective on shares of Teck Resources from C$68.00 to C$71.00 and gave the company a “buy” rating in a research note on Monday, November 13th. Eight Capital set a C$70.00 price objective on shares of Teck Resources and gave the company a “buy” rating in a research note on Wednesday, December 6th. JPMorgan Chase & Co. dropped their price objective on shares of Teck Resources from C$70.00 to C$63.00 and set an “overweight” rating for the company in a research note on Thursday, December 7th. Finally, Scotiabank increased their price objective on shares of Teck Resources from C$69.00 to C$71.00 and gave the company an “outperform” rating in a research note on Monday, January 15th. Twelve research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$65.12.

View Our Latest Stock Analysis on Teck Resources

Teck Resources Price Performance

Shares of Teck Resources stock opened at C$51.69 on Thursday. The firm has a fifty day simple moving average of C$52.32 and a 200-day simple moving average of C$53.78. The company has a current ratio of 1.20, a quick ratio of 0.97 and a debt-to-equity ratio of 37.91. Teck Resources has a 1-year low of C$44.70 and a 1-year high of C$66.04. The stock has a market capitalization of C$26.48 billion, a price-to-earnings ratio of 12.16, a PEG ratio of -0.38 and a beta of 1.36.

About Teck Resources

(Get Free Report)

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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