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 upped by JPMorgan Chase & Co. from C$70.00 to C$72.00 in a research note released on Friday, BayStreet.CA reports. The firm currently has an overweight rating on the stock.

Several other brokerages have also recently issued reports on TECK.B. Bank of America upped their price objective on Teck Resources from C$67.00 to C$88.00 in a report on Tuesday, April 9th. UBS Group decreased their price objective on Teck Resources from C$64.00 to C$63.00 in a report on Wednesday, January 17th. Canaccord Genuity Group upped their price objective on Teck Resources from C$59.00 to C$75.00 in a report on Wednesday, April 17th. Raymond James upped their price objective on Teck Resources from C$64.00 to C$70.00 and gave the stock an outperform rating in a report on Tuesday, April 23rd. Finally, Scotiabank upped their price objective on Teck Resources from C$69.00 to C$71.00 and gave the stock an outperform rating in a report on Monday, January 15th. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat, Teck Resources presently has a consensus rating of Buy and an average price target of C$72.00.

Teck Resources Trading Up 1.3 %

TECK.B stock opened at C$69.77 on Friday. 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 current ratio of 1.10 and a quick ratio of 0.97. The company has a market capitalization of C$35.62 billion, a price-to-earnings ratio of 15.04, a PEG ratio of -0.38 and a beta of 1.44. The business has a 50 day simple moving average of C$60.08 and a two-hundred day simple moving average of C$54.87.

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.