A number of other research firms have also commented on TECK.B. National Bankshares lowered their price target on Teck Resources from C$55.00 to C$52.50 and set an outperform rating for the company in a research report on Thursday, July 28th. B. Riley reissued a buy rating and issued a C$58.00 price target on shares of Teck Resources in a research report on Thursday, April 28th. Stifel Nicolaus lowered their price target on Teck Resources from C$68.00 to C$62.00 in a research report on Tuesday, July 19th. Morgan Stanley lowered Teck Resources to a hold rating and set a C$45.00 target price for the company. in a research report on Thursday, June 30th. Finally, JPMorgan Chase & Co. decreased their target price on Teck Resources from C$60.00 to C$43.00 in a research report on Friday, July 15th. Four research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of C$51.41.
Teck Resources Trading Up 5.3 %
TSE TECK.B opened at C$38.97 on Tuesday. The firm has a market capitalization of C$20.63 billion and a P/E ratio of 5.12. The business has a fifty day simple moving average of C$42.42 and a 200 day simple moving average of C$46.34. Teck Resources has a 12 month low of C$24.84 and a 12 month high of C$57.50. The company has a current ratio of 1.92, a quick ratio of 1.19 and a debt-to-equity ratio of 37.83.
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.
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