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

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

A number of other equities research analysts also recently weighed in on the stock. Bank of America reduced their price target on shares of Teck Resources from C$88.00 to C$87.00 in a research note on Friday, July 5th. BMO Capital Markets decreased their target price on shares of Teck Resources from C$80.00 to C$77.00 in a research note on Thursday, July 25th. Raymond James increased their price target on Teck Resources from C$71.00 to C$73.00 in a research note on Monday, September 30th. Scotiabank upped their target price on Teck Resources from C$78.00 to C$79.00 and gave the stock an outperform rating in a report on Tuesday, October 8th. Finally, Canaccord Genuity Group cut their price target on Teck Resources from C$80.00 to C$76.00 in a research note on Monday, July 22nd. One research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of C$77.00.

Teck Resources Stock Performance

TECK.B opened at C$68.04 on Tuesday. The company has a debt-to-equity ratio of 37.46, a quick ratio of 0.97 and a current ratio of 1.48. Teck Resources has a 52-week low of C$47.47 and a 52-week high of C$74.37. The firm has a market cap of C$34.84 billion, a P/E ratio of 24.39, a price-to-earnings-growth ratio of -0.38 and a beta of 1.37. The business’s fifty day moving average is C$65.51 and its 200-day moving average is C$66.37.

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.