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

Teck Resources (TSE:TECK.B) had its price objective cut by National Bank Financial from C$37.50 to C$34.50 in a research note published on Monday, BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other equities research analysts have also recently commented on TECK.B. Canaccord Genuity cut their price objective on shares of Teck Resources from C$40.00 to C$39.00 in a research report on Monday, April 15th. JPMorgan Chase & Co. set a C$48.00 price objective on shares of Teck Resources in a research report on Friday, July 26th. Royal Bank of Canada cut their price objective on shares of Teck Resources from C$48.00 to C$47.00 and set an outperform rating on the stock in a research report on Friday, July 26th. Raymond James cut their price objective on shares of 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. Finally, TD Securities cut shares of Teck Resources from an action list buy rating to a buy rating and cut their price objective for the company from C$44.00 to C$38.00 in a research report on Monday, July 22nd. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Teck Resources presently has a consensus rating of Buy and a consensus price target of C$41.21.

TECK.B opened at C$22.20 on Monday. The company has a market cap of $16.77 billion and a PE ratio of 4.96. Teck Resources has a 12 month low of C$22.80 and a 12 month high of C$34.31. The company has a fifty day moving average of C$27.34. The company has a quick ratio of 1.46, a current ratio of 2.47 and a debt-to-equity ratio of 24.04.

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.

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

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