Teck Resources (TSE:TECK.B) Price Target Lowered to C$55.00 at Citigroup

Teck Resources (TSE:TECK.B - Free Report) had its price target reduced by Citigroup from C$68.00 to C$55.00 in a report published on Monday morning,BayStreet.CA reports. Citigroup currently has a neutral rating on the stock.

Several other equities research analysts have also recently commented on TECK.B. JPMorgan Chase & Co. cut their price target on shares of Teck Resources from C$72.00 to C$58.00 in a research report on Thursday, April 10th. Royal Bank of Canada cut their price target on shares of Teck Resources from C$84.00 to C$82.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. UBS Group cut their price target on shares of Teck Resources from C$67.00 to C$55.00 in a research report on Wednesday, April 23rd. National Bankshares raised shares of Teck Resources from a "sector perform" rating to an "outperform" rating and set a C$70.00 price target on the stock in a research report on Friday, April 25th. Finally, Desjardins lowered their price objective on shares of Teck Resources from C$74.00 to C$72.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of C$71.13.

Teck Resources Stock Down 0.0%

TECK.B traded down C$0.02 during trading on Monday, hitting C$53.35. The company had a trading volume of 1,065,091 shares, compared to its average volume of 1,319,117. The company has a market capitalization of C$27.32 billion, a PE ratio of 19.12, a PEG ratio of -0.38 and a beta of 1.37. Teck Resources has a one year low of C$40.23 and a one year high of C$72.92. The firm's 50-day moving average price is C$48.79 and its 200 day moving average price is C$56.10. The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 37.46.

About Teck Resources

Teck is a diversified miner with coal, copper, zinc, and oil sands operations in Canada, the United States, Chile, and Peru. Metallurgical coal is Teck's primary commodity in terms of EBITDA contribution, closely followed by copper, with zinc and oil sands contributing smaller amounts to earnings. Teck ranks as the world's second- largest exporter of seaborne metallurgical coal and is a top-three zinc miner.