Teck Resources (TSE:TECK.B) Price Target Raised to C$75.00 at Scotiabank

Teck Resources (TSE:TECK.B) had its price target lifted by equities researchers at Scotiabank from C$74.00 to C$75.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. Scotiabank’s target price indicates a potential upside of 9.95% from the company’s previous close.

Several other research analysts have also weighed in on TECK.B. Canaccord Genuity Group lowered their price target on Teck Resources from C$80.00 to C$78.00 in a research report on Friday, October 25th. Citigroup upped their price target on shares of Teck Resources from C$64.00 to C$74.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. dropped their price objective on shares of Teck Resources from C$78.00 to C$76.00 in a research note on Friday, October 25th. National Bankshares increased their target price on shares of Teck Resources from C$86.00 to C$90.00 in a research report on Tuesday, October 15th. Finally, CIBC dropped their price target on shares of Teck Resources from C$80.00 to C$78.00 in a research report on Friday, October 25th. One 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 stock has an average rating of “Moderate Buy” and an average price target of C$76.75.

Teck Resources Trading Up 0.9 %

Shares of TSE TECK.B traded up C$0.64 during midday trading on Wednesday, hitting C$68.21. The stock had a trading volume of 1,045,766 shares, compared to its average volume of 1,177,352. The company’s 50-day simple moving average is C$66.32 and its 200 day simple moving average is C$66.63. The company has a debt-to-equity ratio of 37.46, a current ratio of 1.48 and a quick ratio of 0.97. The firm has a market cap of C$34.92 billion, a P/E ratio of 24.56, a price-to-earnings-growth ratio of -0.38 and a beta of 1.37. Teck Resources has a fifty-two week low of C$47.47 and a fifty-two week high of C$74.37.

About Teck Resources

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.