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

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

TECK.B has been the topic of a number of other research reports. Bank of America raised their price target on Teck Resources from C$67.00 to C$88.00 in a research note on Tuesday, April 9th. Eight Capital raised their price target on 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. Raymond James raised their price target on Teck Resources from C$64.00 to C$70.00 and gave the stock an outperform rating in a research note on Tuesday, April 23rd. Jefferies Financial Group raised their price target on Teck Resources from C$75.00 to C$80.00 and gave the stock a buy rating in a research note on Friday, April 12th. Finally, National Bankshares raised their price target on Teck Resources from C$66.00 to C$70.00 in a research note on Friday, February 23rd. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of Buy and a consensus target price of C$72.00.

Teck Resources Trading Up 1.3 %

TSE:TECK.B opened at C$69.77 on Friday. The stock has a 50-day simple moving average of C$60.08 and a 200-day simple moving average of C$54.87. The stock has a market cap of C$35.62 billion, a P/E ratio of 15.04, a P/E/G ratio of -0.38 and a beta of 1.44. Teck Resources has a 1 year low of C$47.47 and a 1 year high of C$70.50. The company has a debt-to-equity ratio of 39.21, a quick ratio of 0.97 and a current ratio of 1.10.

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.