Teck Resources (TSE:TECK.B - Get Free Report) had its price target dropped by investment analysts at National Bankshares from C$72.00 to C$70.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has a "sector perform" rating on the stock. National Bankshares' price objective indicates a potential upside of 54.59% from the company's current price.
TECK.B has been the topic of a number of other reports. TD Securities decreased their target price on Teck Resources from C$73.00 to C$62.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Citigroup lowered their price objective on Teck Resources from C$74.00 to C$68.00 and set a "neutral" rating on the stock in a research report on Thursday, January 30th. JPMorgan Chase & Co. reduced their target price on Teck Resources from C$72.00 to C$58.00 in a research report on Thursday, April 10th. Scotiabank reduced their price objective on shares of Teck Resources from C$75.00 to C$73.00 and set an "outperform" rating for the company in a report on Thursday, January 30th. Finally, Raymond James upped their target price on shares of Teck Resources from C$70.00 to C$75.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Teck Resources has an average rating of "Moderate Buy" and a consensus target price of C$73.36.
Check Out Our Latest Analysis on TECK.B
Teck Resources Stock Performance
Shares of TSE TECK.B traded down C$0.32 during trading hours on Wednesday, hitting C$45.28. 776,461 shares of the stock were exchanged, compared to its average volume of 1,281,579. The firm has a market capitalization of C$23.18 billion, a P/E ratio of 16.23, a P/E/G 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$74.37. The company has a debt-to-equity ratio of 37.46, a current ratio of 1.48 and a quick ratio of 0.97. The company's 50 day moving average is C$54.76 and its 200 day moving average is C$60.58.
About Teck Resources
(
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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.
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