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

Teck Resources (TSE:TECK.B) had its target price hoisted by Jefferies Financial Group from C$75.00 to C$80.00 in a research report report published on Friday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other research analysts have also commented on TECK.B. Canaccord Genuity Group cut their price target on Teck Resources from C$62.00 to C$56.00 and set a buy rating for the company in a report on Thursday, January 18th. National Bankshares upped their price target on Teck Resources from C$66.00 to C$70.00 in a report on Friday, February 23rd. Raymond James cut their price target on Teck Resources from C$65.00 to C$64.00 in a report on Friday, March 1st. B. Riley cut their price target on Teck Resources from C$72.00 to C$59.00 and set a buy rating for the company in a report on Tuesday, January 23rd. Finally, Bank of America boosted their price objective on Teck Resources from C$67.00 to C$88.00 in a research report on Tuesday, April 9th. Eleven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Teck Resources presently has a consensus rating of Buy and a consensus target price of C$68.60.

Teck Resources Stock Down 0.3 %

Shares of TECK.B stock opened at C$65.84 on Friday. Teck Resources has a 12 month low of C$47.47 and a 12 month high of C$69.41. The firm has a market cap of C$33.61 billion, a PE ratio of 14.19, a price-to-earnings-growth ratio of -0.38 and a beta of 1.44. The stock has a 50 day moving average of C$57.25 and a 200-day moving average of C$54.19. The company has a quick ratio of 0.97, a current ratio of 1.10 and a debt-to-equity ratio of 39.21.

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.