National Bankshares Lowers Teck Resources (TSE:TECK.B) Price Target to C$75.00

Teck Resources (TSE:TECK.B) had its price target dropped by analysts at National Bankshares from C$77.50 to C$75.00 in a research report issued on Thursday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bankshares’ price target suggests a potential upside of 23.89% from the stock’s current price.

A number of other equities research analysts also recently issued reports on the stock. Citigroup reduced their price objective on shares of Teck Resources from C$74.00 to C$68.00 and set a “neutral” rating for the company in a research report on Thursday. CIBC reduced their target price on shares of Teck Resources from C$80.00 to C$78.00 in a research report on Friday, October 25th. Jefferies Financial Group dropped their price target on shares of Teck Resources from C$80.00 to C$70.00 in a research note on Monday, January 6th. JPMorgan Chase & Co. lowered their target price on shares of Teck Resources from C$78.00 to C$76.00 in a research note on Friday, October 25th. Finally, Scotiabank lowered their target price on shares of Teck Resources from C$75.00 to C$73.00 and set an “outperform” rating on the stock in a research note on Thursday. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Teck Resources currently has an average rating of “Moderate Buy” and a consensus price target of C$76.29.

Teck Resources Stock Up 2.0 %

Shares of TECK.B traded up C$1.21 on Thursday, reaching C$60.54. The company’s stock had a trading volume of 361,422 shares, compared to its average volume of 916,430. The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 37.46. Teck Resources has a twelve month low of C$49.45 and a twelve month high of C$74.37. The stock has a market capitalization of C$31.00 billion, a PE ratio of 21.70, a PEG ratio of -0.38 and a beta of 1.37. The firm has a fifty day moving average of C$61.68 and a 200-day moving average of C$64.34.

About Teck Resources

Teck is a diversified miner with coal, copper, zinc, and oil sands operations in Canada, the United States, Chile, and Peru. Metallurgical coal is Teck’s primary commodity in terms of EBITDA contribution, closely followed by copper, with zinc and oil sands contributing smaller amounts to earnings. Teck ranks as the world’s second- largest exporter of seaborne metallurgical coal and is a top-three zinc miner.