Teck Resources (TSE:TECK.B) PT Raised to C$85.00 at Jefferies Financial Group

Teck Resources (TSE:TECK.B) had its price target raised by Jefferies Financial Group from C$80.00 to C$85.00 in a research note issued to investors on Monday morning, BayStreet.CA reports.

TECK.B has been the topic of several other research reports. JPMorgan Chase & Co. raised their price target on Teck Resources from C$70.00 to C$72.00 and gave the company an overweight rating in a report on Friday, April 26th. Scotiabank raised their price target on Teck Resources from C$75.00 to C$83.00 and gave the company an outperform rating in a report on Thursday, May 30th. National Bankshares raised their price target on Teck Resources from C$77.50 to C$82.00 and gave the company an outperform rating in a report on Monday, June 10th. Eight Capital increased their target price on Teck Resources from C$65.00 to C$72.00 and gave the company a buy rating in a research note on Monday, April 22nd. Finally, Bank of America cut their target price on Teck Resources from C$88.00 to C$87.00 in a research note on Friday, July 5th. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of Buy and a consensus target price of C$75.00.

Teck Resources Price Performance

Shares of TECK.B stock opened at C$67.64 on Monday. The stock’s fifty day moving average is C$68.22 and its 200-day moving average is C$60.97. The company has a debt-to-equity ratio of 37.28, a quick ratio of 0.97 and a current ratio of 1.49. The stock has a market capitalization of C$34.58 billion, a PE ratio of 22.10, a PEG ratio of -0.38 and a beta of 1.42. Teck Resources has a 52 week low of C$47.47 and a 52 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.