National Bank Financial Cuts Teck Resources (TSE:TECK.B) Price Target to C$34.50

Teck Resources (TSE:TECK.B) had its target price lowered by National Bank Financial from C$37.50 to C$34.50 in a report issued on Monday morning, BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Canaccord Genuity cut their price target on Teck Resources from C$40.00 to C$39.00 in a report on Monday, April 15th. CSFB increased their price target on Teck Resources from C$38.00 to C$42.00 in a report on Thursday, April 18th. BMO Capital Markets cut their price target on Teck Resources from C$48.00 to C$42.00 in a report on Friday, July 26th. Raymond James cut their price target on Teck Resources from C$45.00 to C$43.00 and set an outperform rating for the company in a report on Friday, July 26th. Finally, Royal Bank of Canada cut their price target on Teck Resources from C$48.00 to C$47.00 and set an outperform rating for the company in a report on Friday, July 26th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of C$41.21.

TSE:TECK.B opened at C$22.13 on Monday. Teck Resources has a one year low of C$22.80 and a one year high of C$34.31. The company has a debt-to-equity ratio of 24.04, a quick ratio of 1.46 and a current ratio of 2.47. The stock has a market cap of $16.77 billion and a PE ratio of 4.95. The stock has a 50 day moving average price of C$27.19 and a 200 day moving average price of C$29.27.

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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