Canaccord Genuity Group Boosts Teck Resources (TSE:TECK.B) Price Target to C$75.00

Teck Resources (TSE:TECK.B) had its price target lifted by analysts at Canaccord Genuity Group from C$59.00 to C$75.00 in a note issued to investors on Wednesday, BayStreet.CA reports. Canaccord Genuity Group’s price target would suggest a potential upside of 15.37% from the company’s current price.

Several other research firms have also commented on TECK.B. National Bankshares boosted their price objective on Teck Resources from C$66.00 to C$70.00 in a research note on Friday, February 23rd. Scotiabank increased their price target on Teck Resources from C$69.00 to C$71.00 and gave the company an “outperform” rating in a report on Monday, January 15th. Bank of America increased their price target on Teck Resources from C$67.00 to C$88.00 in a report on Tuesday, April 9th. Jefferies Financial Group increased their price target on Teck Resources from C$75.00 to C$80.00 and gave the company a “buy” rating in a report on Friday, April 12th. Finally, Raymond James cut their price target on Teck Resources from C$65.00 to C$64.00 in a report on Friday, March 1st. Eleven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Teck Resources has a consensus rating of “Buy” and a consensus price target of C$69.87.

Teck Resources Price Performance

Shares of Teck Resources stock traded down C$0.10 on Wednesday, hitting C$65.01. The company’s stock had a trading volume of 1,245,306 shares, compared to its average volume of 1,061,034. The company has a debt-to-equity ratio of 39.21, a quick ratio of 0.97 and a current ratio of 1.10. Teck Resources has a 1 year low of C$47.47 and a 1 year high of C$69.41. The firm has a fifty day moving average price of C$57.51 and a 200-day moving average price of C$54.24. The company has a market capitalization of C$33.19 billion, a price-to-earnings ratio of 14.01, a price-to-earnings-growth ratio of -0.38 and a beta of 1.44.

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.