Teck Resources (TSE:TECK.B) PT Raised to C$74.00

Teck Resources (TSE:TECK.B) had its target price increased by Citigroup from C$64.00 to C$74.00 in a report released on Wednesday morning, BayStreet.CA reports. Citigroup currently has a neutral rating on the stock.

TECK.B has been the topic of a number of other reports. Jefferies Financial Group raised their price target on shares of Teck Resources from C$80.00 to C$85.00 in a research report on Monday, July 8th. National Bankshares lifted their price target on Teck Resources from C$82.50 to C$86.00 and gave the stock an outperform rating in a report on Monday, July 15th. Eight Capital upped their price objective on Teck Resources from C$72.00 to C$75.00 in a research note on Thursday, July 11th. BMO Capital Markets lowered their target price on Teck Resources from C$80.00 to C$77.00 in a research note on Thursday, July 25th. Finally, Canaccord Genuity Group reduced their price target on shares of Teck Resources from C$80.00 to C$76.00 in a research report on Monday, July 22nd. One research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of C$76.44.

Teck Resources Stock Performance

TECK.B opened at C$70.30 on Wednesday. Teck Resources has a 1-year low of C$47.47 and a 1-year high of C$74.37. The company has a market cap of C$35.99 billion, a price-to-earnings ratio of 25.20, a PEG ratio of -0.38 and a beta of 1.37. The company’s fifty day moving average price is C$64.98 and its two-hundred day moving average price is C$65.88. 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 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.