Teck Resources (TSE:TECK.B) PT Lowered to C$78.00 at Scotiabank

Teck Resources (TSE:TECK.B) had its price objective trimmed by Scotiabank from C$84.00 to C$78.00 in a research note issued to investors on Monday morning, BayStreet.CA reports.

TECK.B has been the subject of several other reports. TD Securities boosted their price target on Teck Resources from C$78.00 to C$80.00 in a research report on Tuesday, July 16th. BMO Capital Markets cut their target price on Teck Resources from C$80.00 to C$77.00 in a research note on Thursday, July 25th. JPMorgan Chase & Co. decreased their price target on shares of Teck Resources from C$76.00 to C$74.00 in a research report on Thursday, July 25th. Canaccord Genuity Group cut their price objective on shares of Teck Resources from C$80.00 to C$76.00 in a research report on Monday, July 22nd. Finally, National Bankshares boosted their price objective on shares of Teck Resources from C$82.50 to C$86.00 and gave the stock an outperform rating in a research note on Monday, July 15th. Eleven analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of Buy and an average price target of C$76.60.

Teck Resources Trading Up 0.7 %

TECK.B opened at C$66.49 on Monday. Teck Resources has a 52 week low of C$47.47 and a 52 week high of C$74.37. The company has a market capitalization of C$34.04 billion, a P/E ratio of 23.83, a PEG ratio of -0.38 and a beta of 1.36. The stock’s fifty day moving average is C$65.35 and its two-hundred day moving average is C$63.33. The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 37.46.

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.