Jefferies Financial Group Increases Teck Resources (TSE:TECK.B) Price Target to C$80.00

Teck Resources (TSE:TECK.B) had its price objective raised by Jefferies Financial Group from C$75.00 to C$80.00 in a research note published on Friday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Other research analysts have also issued research reports about the stock. UBS Group cut their price target on shares of Teck Resources from C$64.00 to C$63.00 in a report on Wednesday, January 17th. B. Riley lowered 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 report on Tuesday, January 23rd. Bank of America increased their price objective on shares of Teck Resources from C$67.00 to C$88.00 in a research report on Tuesday, April 9th. National Bankshares increased their price objective on shares of Teck Resources from C$66.00 to C$70.00 in a research report on Friday, February 23rd. Finally, Canaccord Genuity Group lowered their price objective on shares of Teck Resources from C$62.00 to C$56.00 and set a buy rating for the company in a research report on Thursday, January 18th. Eleven analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of Buy and a consensus target price of C$68.60.

Teck Resources Trading Down 0.3 %

Shares of TECK.B stock opened at C$65.84 on Friday. The firm has a market cap of C$33.61 billion, a P/E ratio of 14.19, a PEG ratio of -0.38 and a beta of 1.44. Teck Resources has a 1-year low of C$47.47 and a 1-year high of C$69.41. The company has a debt-to-equity ratio of 39.21, a current ratio of 1.10 and a quick ratio of 0.97. The firm’s 50-day simple moving average is C$57.25 and its 200-day simple moving average is C$54.19.

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.