National Bank Financial Cuts Teck Resources (TSE:TECK.B) Price Target to C$34.50

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Teck Resources (TSE:TECK.B) had its price target trimmed by National Bank Financial from C$37.50 to C$34.50 in a research report report published on Monday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Other research analysts have also issued reports about the company. Raymond James reduced their target price on Teck Resources from C$45.00 to C$43.00 and set an outperform rating on the stock in a research report on Friday, July 26th. TD Securities lowered Teck Resources from an action list buy rating to a buy rating and reduced their target price for the company from C$44.00 to C$38.00 in a research report on Monday, July 22nd. BMO Capital Markets cut their price objective on Teck Resources from C$48.00 to C$42.00 in a report on Friday, July 26th. JPMorgan Chase & Co. set a C$48.00 price objective on Teck Resources in a report on Friday, July 26th. Finally, CSFB increased their price objective on Teck Resources from C$38.00 to C$42.00 in a report on Thursday, April 18th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of C$41.21.

Shares of TSE:TECK.B opened at C$22.13 on Monday. The business’s 50-day moving average is C$27.19 and its 200 day moving average is C$29.27. Teck Resources has a 1 year low of C$22.80 and a 1 year high of C$34.31. The firm has a market capitalization of $16.77 billion and a P/E ratio of 4.95. The company has a debt-to-equity ratio of 24.04, a current ratio of 2.47 and a quick ratio of 1.46.

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.

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Analyst Recommendations for Teck Resources (TSE:TECK.B)

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