Canaccord Genuity Group Cuts Teck Resources (TSE:TECK.B) Price Target to C$78.00

Teck Resources (TSE:TECK.B - Get Free Report) had its price target reduced by research analysts at Canaccord Genuity Group from C$80.00 to C$78.00 in a research note issued on Friday, BayStreet.CA reports. Canaccord Genuity Group's target price suggests a potential upside of 18.54% from the company's previous close.

TECK.B has been the subject of a number of other research reports. Jefferies Financial Group upped their price target on shares of Teck Resources from C$80.00 to C$85.00 in a report on Monday, July 8th. CIBC dropped their target price on Teck Resources from C$80.00 to C$78.00 in a research report on Friday. National Bankshares boosted their price objective on shares of Teck Resources from C$86.00 to C$90.00 in a research note on Tuesday, October 15th. Eight Capital boosted their price target on shares of Teck Resources from C$72.00 to C$75.00 in a research report on Thursday, July 11th. Finally, JPMorgan Chase & Co. dropped their price target on Teck Resources from C$78.00 to C$76.00 in a research note on Friday. One research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of C$76.63.

Teck Resources Stock Performance

Teck Resources stock traded up C$0.95 during midday trading on Friday, hitting C$65.80. The company's stock had a trading volume of 1,151,939 shares, compared to its average volume of 1,185,765. Teck Resources has a 1-year low of C$47.47 and a 1-year high of C$74.37. The company has a 50-day moving average price of C$66.34 and a two-hundred day moving average price of C$66.62. The company has a debt-to-equity ratio of 37.46, a current ratio of 1.48 and a quick ratio of 0.97. The company has a market cap of C$33.69 billion, a price-to-earnings ratio of 23.53, a PEG ratio of -0.38 and a beta of 1.37.

Teck Resources Company Profile

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.