Teck Resources (TSE:TECK.B) PT Lowered to C$78.00 at Canaccord Genuity Group

Teck Resources (TSE:TECK.B) had its price objective lowered by research analysts at Canaccord Genuity Group from C$80.00 to C$78.00 in a research report issued on Friday, BayStreet.CA reports. Canaccord Genuity Group’s price target points to a potential upside of 18.54% from the company’s current price.

Several other brokerages have also recently weighed in on TECK.B. CIBC decreased their target price on Teck Resources from C$80.00 to C$78.00 in a research note on Friday. National Bankshares lifted their target price on Teck Resources from C$86.00 to C$90.00 in a research note on Tuesday, October 15th. TD Securities upped their target price on Teck Resources from C$78.00 to C$80.00 in a research report on Tuesday, July 16th. Raymond James boosted their target price on Teck Resources from C$73.00 to C$74.00 in a report on Friday. Finally, Royal Bank of Canada lowered their price target on Teck Resources from C$88.00 to C$85.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 10th. One investment analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$76.63.

Teck Resources Price Performance

Shares of TECK.B opened at C$65.80 on Friday. The company has a market cap of C$33.69 billion, a P/E ratio of 23.58, a PEG ratio of -0.38 and a beta of 1.37. The stock has a fifty day moving average price of C$66.37 and a 200 day moving average price of C$66.62. Teck Resources has a 12 month low of C$47.47 and a 12 month high of C$74.37. The company has a debt-to-equity ratio of 37.46, a current ratio of 1.48 and a quick ratio of 0.97.

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.