Teck Resources (TSE:TECK.B) Price Target Raised to C$78.00 at JPMorgan Chase & Co.

Teck Resources (TSE:TECK.B) had its target price hoisted by JPMorgan Chase & Co. from C$74.00 to C$78.00 in a report released on Tuesday, BayStreet.CA reports.

Several other brokerages have also weighed in on TECK.B. Jefferies Financial Group increased their target price on shares of Teck Resources from C$80.00 to C$85.00 in a research note on Monday, July 8th. Canaccord Genuity Group cut their target price on Teck Resources from C$80.00 to C$76.00 in a research report on Monday, July 22nd. Scotiabank raised their price target on Teck Resources from C$78.00 to C$79.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. National Bankshares boosted their price objective on Teck Resources from C$82.50 to C$86.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Finally, CIBC set a C$80.00 target price on Teck Resources and gave the company an “outperform” rating in a research report on Friday, July 12th. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$77.00.

Teck Resources Price Performance

TSE:TECK.B opened at C$69.66 on Tuesday. Teck Resources has a 52 week low of C$47.47 and a 52 week high of C$74.37. The stock’s fifty day moving average is C$66.00 and its two-hundred day moving average is C$66.47. The company has a market capitalization of C$35.67 billion, a P/E ratio of 24.97, a P/E/G ratio of -0.38 and a beta of 1.37. The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 37.46.

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.