JPMorgan Chase & Co. Cuts Teck Resources (TSE:TECK.B) Price Target to C$76.00

Teck Resources (TSE:TECK.B) had its target price reduced by JPMorgan Chase & Co. from C$78.00 to C$76.00 in a research note issued to investors on Friday, BayStreet.CA reports.

Several other research analysts have also commented on the stock. BMO Capital Markets cut their price target on shares of Teck Resources from C$80.00 to C$77.00 in a report on Thursday, July 25th. Royal Bank of Canada cut their target price on shares of Teck Resources from C$88.00 to C$85.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 10th. Citigroup lifted their target price on shares of Teck Resources from C$64.00 to C$74.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. Eight Capital raised their price objective on Teck Resources from C$72.00 to C$75.00 in a research report on Thursday, July 11th. Finally, Scotiabank dropped their target price on Teck Resources from C$79.00 to C$74.00 in a report on Friday. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$76.63.

Teck Resources Stock Performance

Shares of TSE:TECK.B opened at C$65.80 on Friday. The firm has a market capitalization of C$33.69 billion, a PE ratio of 23.58, a P/E/G ratio of -0.38 and a beta of 1.37. Teck Resources has a 12 month low of C$47.47 and a 12 month high of C$74.37. 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 has a 50-day moving average of C$66.37 and a two-hundred day moving average of C$66.64.

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.