Teck Resources’ (TECK.B) Buy Rating Reiterated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reiterated their buy rating on shares of Teck Resources (TSE:TECK.B) in a research report released on Thursday morning, Price Targets.com reports. Deutsche Bank Aktiengesellschaft currently has a C$32.00 price objective on the stock.

Several other brokerages have also recently weighed in on TECK.B. Raymond James boosted their target price on Teck Resources from C$37.00 to C$39.00 and gave the stock an outperform rating in a report on Wednesday. Barclays reduced their price target on shares of Teck Resources from C$31.00 to C$30.00 in a research report on Thursday, July 8th. National Bankshares lifted their price target on shares of Teck Resources from C$37.50 to C$43.00 and gave the company an outperform rating in a research report on Friday, September 10th. Credit Suisse Group reissued a buy rating on shares of Teck Resources in a research report on Monday, September 13th. Finally, Royal Bank of Canada reissued an outperform rating and issued a C$41.00 target price on shares of Teck Resources in a research report on Wednesday. One analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Buy and an average target price of C$37.06.

TSE:TECK.B opened at C$31.34 on Thursday. The company has a quick ratio of 0.48, a current ratio of 1.26 and a debt-to-equity ratio of 42.01. Teck Resources has a 52 week low of C$15.81 and a 52 week high of C$34.25. The stock has a market capitalization of C$16.69 billion and a PE ratio of 103.09. The stock’s 50-day moving average price is C$28.80 and its 200-day moving average price is C$27.98.

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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