Canaccord Genuity Group Lowers Teck Resources (TSE:TECK.B) Price Target to C$56.00

Teck Resources (TSE:TECK.BGet Free Report) had its target price cut by stock analysts at Canaccord Genuity Group from C$62.00 to C$56.00 in a report released on Thursday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 12.25% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the company. UBS Group lowered their price target on Teck Resources from C$64.00 to C$63.00 in a report on Wednesday. Stifel Nicolaus upped their target price on Teck Resources from C$68.00 to C$71.00 and gave the company a “buy” rating in a research note on Monday, November 13th. JPMorgan Chase & Co. reduced their target price on Teck Resources from C$70.00 to C$63.00 and set an “overweight” rating on the stock in a research note on Thursday, December 7th. National Bankshares reduced their price target on Teck Resources from C$68.00 to C$66.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, Scotiabank increased their price target on Teck Resources from C$69.00 to C$71.00 and gave the stock an “outperform” rating in a research note on Monday. Twelve investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$65.12.

Read Our Latest Analysis on Teck Resources

Teck Resources Stock Performance

TECK.B opened at C$49.89 on Thursday. The stock has a market cap of C$25.56 billion, a P/E ratio of 11.74, a P/E/G ratio of -0.38 and a beta of 1.36. The company has a debt-to-equity ratio of 37.91, a current ratio of 1.20 and a quick ratio of 0.97. The stock’s 50 day simple moving average is C$52.21 and its 200 day simple moving average is C$53.83. Teck Resources has a 1-year low of C$44.70 and a 1-year high of C$66.04.

About Teck Resources

(Get Free Report)

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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