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

Teck Resources (TSE:TECK.B) had its price target upped by equities research analysts at JPMorgan Chase & Co. from C$74.00 to C$78.00 in a research report issued on Tuesday, BayStreet.CA reports. JPMorgan Chase & Co.‘s target price suggests a potential upside of 12.67% from the stock’s previous close.

Several other research firms have also recently weighed in on TECK.B. Royal Bank of Canada reduced their price target on shares of Teck Resources from C$88.00 to C$85.00 and set an “outperform” rating for the company in a report on Tuesday, September 10th. BMO Capital Markets lowered their target price on Teck Resources from C$80.00 to C$77.00 in a report on Thursday, July 25th. Scotiabank boosted their price target on Teck Resources from C$78.00 to C$79.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Citigroup increased their price objective on Teck Resources from C$64.00 to C$74.00 and gave the stock a “neutral” rating in a report on Wednesday, October 2nd. Finally, National Bankshares lifted their target price on Teck Resources from C$82.50 to C$86.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$77.00.

Teck Resources Trading Up 1.7 %

TSE:TECK.B opened at C$69.23 on Tuesday. The company has a debt-to-equity ratio of 37.46, a current ratio of 1.48 and a quick ratio of 0.97. The business’s 50-day simple moving average is C$65.65 and its 200-day simple moving average is C$66.42. Teck Resources has a fifty-two week low of C$47.47 and a fifty-two week high of C$74.37. The stock has a market capitalization of C$35.45 billion, a PE ratio of 24.81, a price-to-earnings-growth ratio of -0.38 and a beta of 1.37.

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.