Teck Resources (TSE:TECK.B) Given New C$74.00 Price Target at Citigroup

Teck Resources (TSE:TECK.B) had its target price lifted by stock analysts at Citigroup from C$64.00 to C$74.00 in a note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. Citigroup’s target price would suggest a potential upside of 6.29% from the company’s current price.

TECK.B has been the subject of several other research reports. TD Securities increased their target price on Teck Resources from C$78.00 to C$80.00 in a research report on Tuesday, July 16th. National Bankshares lifted their price objective on shares of Teck Resources from C$82.50 to C$86.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Bank of America dropped their target price on shares of Teck Resources from C$88.00 to C$87.00 in a research report on Friday, July 5th. Scotiabank cut their target price on shares of Teck Resources from C$84.00 to C$78.00 in a research note on Monday, August 19th. Finally, Royal Bank of Canada dropped their price objective on shares of Teck Resources from C$88.00 to C$85.00 and set an “outperform” rating for the company in a report on Tuesday, September 10th. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Teck Resources currently has a consensus rating of “Moderate Buy” and a consensus price target of C$76.44.

Teck Resources Trading Down 1.6 %

Shares of TECK.B stock opened at C$69.62 on Wednesday. The company has a debt-to-equity ratio of 37.46, a quick ratio of 0.97 and a current ratio of 1.48. The stock has a fifty day simple moving average of C$64.83 and a two-hundred day simple moving average of C$65.81. The firm has a market capitalization of C$35.65 billion, a PE ratio of 24.95, a PEG ratio of -0.38 and a beta of 1.37. Teck Resources has a 52-week low of C$47.47 and a 52-week high of C$74.37.

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.