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

Teck Resources (TSE:TECK.B) had its price target boosted by equities researchers at Raymond James from C$74.00 to C$75.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. Raymond James’ price objective would suggest a potential upside of 5.93% from the company’s previous close.

TECK.B has been the subject of several other research reports. Scotiabank increased their target price on Teck Resources from C$74.00 to C$75.00 in a research report on Wednesday. Canaccord Genuity Group decreased their price objective on Teck Resources from C$80.00 to C$78.00 in a report on Friday, October 25th. Citigroup boosted their target price on shares of Teck Resources from C$64.00 to C$74.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. Eight Capital increased their price target on shares of Teck Resources from C$72.00 to C$75.00 in a research note on Thursday, July 11th. Finally, 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. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$76.75.

Teck Resources Price Performance

TECK.B stock opened at C$70.80 on Wednesday. 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 1 year low of C$47.47 and a 1 year high of C$74.37. The firm has a 50-day moving average of C$66.37 and a 200 day moving average of C$66.65. The company has a market cap of C$36.25 billion, a P/E ratio of 25.24, a PEG ratio of -0.38 and a beta of 1.37.

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.