Teck Resources (TSE:TECK.B) Price Target Lowered to C$78.00 at CIBC

Teck Resources (TSE:TECK.B) had its price target lowered by CIBC from C$80.00 to C$78.00 in a report released on Friday, BayStreet.CA reports.

Several other equities research analysts have also recently commented on TECK.B. National Bankshares increased their price objective on Teck Resources from C$86.00 to C$90.00 in a research report on Tuesday, October 15th. Royal Bank of Canada dropped their price objective 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. TD Securities increased their price objective on Teck Resources from C$78.00 to C$80.00 in a research report on Tuesday, July 16th. Scotiabank dropped their target price on Teck Resources from C$79.00 to C$74.00 in a research report on Friday. Finally, Citigroup raised their target price on Teck Resources from C$64.00 to C$74.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$76.63.

Teck Resources Trading Up 0.8 %

Teck Resources stock opened at C$66.32 on Friday. 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 has a one year low of C$47.47 and a one year high of C$74.37. The stock has a market capitalization of C$33.96 billion, a PE ratio of 23.77, a price-to-earnings-growth ratio of -0.38 and a beta of 1.37. The business’s fifty day moving average is C$66.35 and its 200 day moving average is C$66.64.

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.