Teck Resources (TSE:TECK.B) PT Raised to C$90.00 at National Bankshares

Teck Resources (TSE:TECK.B) had its price target upped by equities research analysts at National Bankshares from C$86.00 to C$90.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. National Bankshares’ price objective points to a potential upside of 30.00% from the company’s current price.

A number of other brokerages have also recently issued reports on TECK.B. Canaccord Genuity Group dropped their price objective on Teck Resources from C$80.00 to C$76.00 in a report on Monday, July 22nd. Citigroup increased their price target on shares of Teck Resources from C$64.00 to C$74.00 and gave the stock a “neutral” rating in a report on Wednesday, October 2nd. Raymond James raised their price objective on shares of Teck Resources from C$71.00 to C$73.00 in a research report on Monday, September 30th. CIBC set a C$80.00 target price on shares of Teck Resources and gave the stock an “outperform” rating in a report on Friday, July 12th. Finally, Scotiabank raised their price target on shares of Teck Resources from C$78.00 to C$79.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. One equities research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$77.00.

Teck Resources Trading Up 1.7 %

Shares of TECK.B opened at C$69.23 on Tuesday. Teck Resources has a fifty-two week low of C$47.47 and a fifty-two week high of C$74.37. The business has a 50-day moving average of C$65.65 and a 200 day moving average of C$66.42. The firm has a market cap of C$35.45 billion, a P/E ratio of 24.81, a price-to-earnings-growth ratio of -0.38 and a beta of 1.37. The company has a debt-to-equity ratio of 37.46, a quick ratio of 0.97 and a current ratio of 1.48.

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.