Brokerages Set Teck Resources Ltd (TSE:TECK.B) PT at C$36.15

Shares of Teck Resources Ltd (TSE:TECK.B) have received a consensus recommendation of “Buy” from the thirteen brokerages that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$36.15.

A number of research firms have commented on TECK.B. JPMorgan Chase & Co. decreased their price objective on shares of Teck Resources from C$48.00 to C$37.00 in a report on Thursday, October 10th. CSFB decreased their price target on shares of Teck Resources from C$43.00 to C$35.00 in a report on Tuesday, October 22nd. Barclays decreased their target price on shares of Teck Resources from C$35.00 to C$33.00 in a research report on Tuesday, October 15th. BMO Capital Markets lowered Teck Resources from an “outperform” rating to a “market perform” rating and set a C$37.00 price objective for the company. in a report on Thursday, November 21st. Finally, National Bank Financial cut their target price on Teck Resources from C$31.50 to C$27.00 and set an “outperform” rating on the stock in a research note on Monday, November 18th.

TSE TECK.B traded up C$0.26 during mid-day trading on Monday, reaching C$21.50. 750,359 shares of the company’s stock traded hands, compared to its average volume of 1,990,000. Teck Resources has a 1-year low of C$19.34 and a 1-year high of C$34.31. The company has a fifty day simple moving average of C$21.38 and a 200-day simple moving average of C$24.34. The company has a current ratio of 2.09, a quick ratio of 1.16 and a debt-to-equity ratio of 24.09. The company has a market cap of $11.75 billion and a price-to-earnings ratio of 7.39.

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.

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Analyst Recommendations for Teck Resources (TSE:TECK.B)

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