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

Teck Resources (TSE:TECK.B) had its target price boosted by stock analysts at JPMorgan Chase & Co. from C$70.00 to C$72.00 in a report released on Friday, BayStreet.CA reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 4.58% from the company’s previous close.

Other equities analysts have also issued reports about the company. B. Riley reduced their price objective on Teck Resources from C$72.00 to C$59.00 and set a “buy” rating on the stock in a research note on Tuesday, January 23rd. UBS Group reduced their price objective on Teck Resources from C$64.00 to C$63.00 in a research note on Wednesday, January 17th. Scotiabank lifted their price objective on Teck Resources from C$69.00 to C$71.00 and gave the company an “outperform” rating in a research note on Monday, January 15th. Bank of America lifted their price objective on Teck Resources from C$67.00 to C$88.00 in a research note on Tuesday, April 9th. Finally, Jefferies Financial Group boosted their price target on Teck Resources from C$75.00 to C$80.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$71.91.

Teck Resources Stock Performance

TSE TECK.B opened at C$68.85 on Friday. The firm has a market capitalization of C$35.15 billion, a P/E ratio of 14.84, 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$69.59. 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 business’s 50-day simple moving average is C$59.73 and its 200-day simple moving average is C$54.77.

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.