Jefferies Financial Group Raises Teck Resources (TSE:TECK.B) Price Target to C$80.00

Teck Resources (TSE:TECK.B) had its target price increased by research analysts at Jefferies Financial Group from C$75.00 to C$80.00 in a report issued on Friday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s price target indicates a potential upside of 21.19% from the stock’s current price.

A number of other equities analysts also recently issued reports on the stock. Bank of America increased their price target on shares of Teck Resources from C$67.00 to C$88.00 in a research note on Tuesday, April 9th. B. Riley cut their price objective on shares of Teck Resources from C$72.00 to C$59.00 and set a “buy” rating on the stock in a report on Tuesday, January 23rd. Raymond James cut their price objective on shares of Teck Resources from C$65.00 to C$64.00 in a report on Friday, March 1st. Canaccord Genuity Group cut their price objective on shares of Teck Resources from C$62.00 to C$56.00 and set a “buy” rating on the stock in a report on Thursday, January 18th. Finally, Scotiabank upped their price objective on shares of Teck Resources from C$69.00 to C$71.00 and gave the stock an “outperform” rating in a report on Monday, January 15th. Eleven analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$68.60.

Teck Resources Price Performance

TECK.B stock opened at C$66.01 on Friday. Teck Resources has a 1 year low of C$47.47 and a 1 year high of C$69.41. The company has a market cap of C$33.70 billion, a P/E ratio of 14.23, a PEG ratio of -0.38 and a beta of 1.44. The firm has a 50-day moving average of C$56.97 and a 200 day moving average of C$54.14. The company has a debt-to-equity ratio of 39.21, a current ratio of 1.10 and a quick ratio of 0.97.

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.