Teck Resources (TSE:TECK.B) Price Target Raised to C$88.00

Teck Resources (TSE:TECK.B - Get Free Report) had its price target hoisted by Bank of America from C$67.00 to C$88.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. Bank of America's price objective would suggest a potential upside of 31.93% from the company's current price.

TECK.B has been the subject of a number of other reports. B. Riley reduced their price objective on shares of Teck Resources from C$72.00 to C$59.00 and set a "buy" rating for the company in a research note on Tuesday, January 23rd. Raymond James reduced their price objective on shares of Teck Resources from C$65.00 to C$64.00 in a research note on Friday, March 1st. National Bankshares raised their price objective on shares of Teck Resources from C$66.00 to C$70.00 in a research note on Friday, February 23rd. Scotiabank raised 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. Finally, UBS Group reduced their price objective on shares of Teck Resources from C$64.00 to C$63.00 in a research note on Wednesday, January 17th. Eleven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of C$67.60.

Teck Resources Stock Up 4.6 %

Shares of Teck Resources stock traded up C$2.93 during trading on Tuesday, hitting C$66.70. The company's stock had a trading volume of 1,459,717 shares, compared to its average volume of 1,043,382. The company has a debt-to-equity ratio of 39.21, a quick ratio of 0.97 and a current ratio of 1.10. The company has a fifty day simple moving average of C$55.95 and a two-hundred day simple moving average of C$53.79. The company has a market capitalization of C$34.05 billion, a PE ratio of 14.36, a P/E/G ratio of -0.38 and a beta of 1.44. Teck Resources has a 52 week low of C$47.47 and a 52 week high of C$67.00.

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.