Teck Resources (TSE:TECK.B) Given New C$85.00 Price Target at Jefferies Financial Group

Teck Resources (TSE:TECK.B) had its price target upped by Jefferies Financial Group from C$80.00 to C$85.00 in a research note issued to investors on Monday, BayStreet.CA reports.

A number of other research firms have also recently commented on TECK.B. Canaccord Genuity Group lifted their price target on shares of Teck Resources from C$75.00 to C$80.00 in a research note on Monday, May 13th. Scotiabank lifted their price target on shares of Teck Resources from C$75.00 to C$83.00 and gave the stock an outperform rating in a research note on Thursday, May 30th. JPMorgan Chase & Co. lifted their price target on shares of Teck Resources from C$70.00 to C$72.00 and gave the stock an overweight rating in a research note on Friday, April 26th. Eight Capital lifted their price target on shares of Teck Resources from C$65.00 to C$72.00 and gave the stock a buy rating in a research note on Monday, April 22nd. Finally, Bank of America dropped their price target on shares of Teck Resources from C$88.00 to C$87.00 in a research note on Friday. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat, Teck Resources has an average rating of Buy and an average price target of C$75.00.

Teck Resources Stock Performance

Shares of TSE:TECK.B opened at C$66.55 on Monday. Teck Resources has a 52 week low of C$47.47 and a 52 week high of C$74.37. The stock has a market capitalization of C$34.03 billion, a P/E ratio of 21.75, a PEG ratio of -0.38 and a beta of 1.42. The firm has a fifty day simple moving average of C$68.24 and a two-hundred day simple moving average of C$60.85. The company has a quick ratio of 0.97, a current ratio of 1.49 and a debt-to-equity ratio of 37.28.

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.