Jefferies Financial Group Raises Teck Resources (TSE:TECK.B) Price Target to C$80.00

Teck Resources (TSE:TECK.BFree Report) had its target price raised by Jefferies Financial Group from C$75.00 to C$80.00 in a research report report published on Friday morning, BayStreet.CA reports. Jefferies Financial Group currently has a buy rating on the stock.

Several other brokerages have also commented on TECK.B. Canaccord Genuity Group lowered their price objective on Teck Resources from C$62.00 to C$56.00 and set a buy rating for the company in a research report on Thursday, January 18th. Raymond James lowered their price objective on Teck Resources from C$65.00 to C$64.00 in a research report on Friday, March 1st. Scotiabank raised their price objective on Teck Resources from C$69.00 to C$71.00 and gave the company an outperform rating in a research report on Monday, January 15th. B. Riley lowered their price objective on Teck Resources from C$72.00 to C$59.00 and set a buy rating for the company in a research report on Tuesday, January 23rd. Finally, National Bankshares raised their price objective on Teck Resources from C$66.00 to C$70.00 in a research report on Friday, February 23rd. Eleven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of Buy and an average price target of C$68.60.

Get Our Latest Stock Analysis on TECK.B

Teck Resources Stock Performance

Shares of TECK.B stock opened at C$66.01 on Friday. The stock has a fifty day moving average of C$56.97 and a 200 day moving average of C$54.13. Teck Resources has a 52 week low of C$47.47 and a 52 week high of C$69.41. The firm has a market capitalization of C$33.70 billion, a price-to-earnings ratio of 14.23, a PEG ratio of -0.38 and a beta of 1.44. The company has a quick ratio of 0.97, a current ratio of 1.10 and a debt-to-equity ratio of 39.21.

Teck Resources Company Profile

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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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