JPMorgan Chase & Co. Increases Teck Resources (TSE:TECK.B) Price Target to C$72.00

Teck Resources (TSE:TECK.B) had its price target increased by JPMorgan Chase & Co. from C$70.00 to C$72.00 in a research note published on Friday, BayStreet.CA reports. The brokerage currently has an overweight rating on the stock.

TECK.B has been the subject of several other reports. National Bankshares increased their target price on Teck Resources from C$66.00 to C$70.00 in a report on Friday, February 23rd. Eight Capital lifted their target price on shares of Teck Resources from C$65.00 to C$72.00 and gave the stock a buy rating in a research note on Monday, April 22nd. Jefferies Financial Group raised their price target on shares of Teck Resources from C$75.00 to C$80.00 and gave the stock a buy rating in a report on Friday, April 12th. Scotiabank upped their price objective on shares of Teck Resources from C$69.00 to C$71.00 and gave the company an outperform rating in a research note on Monday, January 15th. Finally, B. Riley reduced their target price on Teck Resources from C$72.00 to C$59.00 and set a buy rating on the stock in a research note on Tuesday, January 23rd. Eleven analysts have rated the stock with a buy rating, According to MarketBeat, Teck Resources currently has a consensus rating of Buy and an average target price of C$72.50.

Teck Resources Price Performance

Shares of TSE:TECK.B opened at C$68.85 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.10 and a debt-to-equity ratio of 39.21. The stock has a market cap of C$35.15 billion, a PE ratio of 14.84, a PEG ratio of -0.38 and a beta of 1.44. The company’s fifty day moving average is C$59.73 and its 200 day moving average is C$54.78. Teck Resources has a 52 week low of C$47.47 and a 52 week high of C$69.59.

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.