CSFB Lowers Teck Resources (TSE:TECK.B) Price Target to C$35.00

Teck Resources (TSE:TECK.B) had its price objective lowered by stock analysts at CSFB from C$43.00 to C$35.00 in a research note issued on Tuesday, BayStreet.CA reports. CSFB’s price objective would indicate a potential upside of 58.80% from the company’s previous close.

Other equities research analysts also recently issued research reports about the stock. National Bank Financial decreased their price target on shares of Teck Resources from C$34.50 to C$31.50 and set an “outperform” rating on the stock in a research note on Thursday, September 12th. JPMorgan Chase & Co. cut their price objective on shares of Teck Resources from C$48.00 to C$37.00 in a research report on Thursday, October 10th. Barclays cut their price objective on shares of Teck Resources from C$35.00 to C$33.00 in a research report on Tuesday, October 15th. Royal Bank of Canada cut their price objective on shares of Teck Resources from C$48.00 to C$47.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. Finally, TD Securities cut their price objective on shares of Teck Resources from C$38.00 to C$32.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Teck Resources currently has an average rating of “Buy” and a consensus target price of C$36.65.

Teck Resources stock opened at C$22.04 on Tuesday. The company has a market cap of $11.69 billion and a price-to-earnings ratio of 4.93. The firm’s fifty day moving average is C$22.28 and its 200 day moving average is C$26.62. The company has a quick ratio of 1.46, a current ratio of 2.47 and a debt-to-equity ratio of 24.04. Teck Resources has a 52-week low of C$19.34 and a 52-week high of C$34.31.

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.

Featured Article: Marijuana Stocks

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

Receive News & Ratings for Teck Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teck Resources and related companies with MarketBeat.com's FREE daily email newsletter.