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

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

Several other analysts have also issued reports on TECK.B. BMO Capital Markets reduced their target price on shares of Teck Resources from C$80.00 to C$77.00 in a research note on Thursday, July 25th. National Bankshares upped their target price on shares of Teck Resources from C$86.00 to C$90.00 in a research note on Tuesday, October 15th. Eight Capital upped their target price on shares of Teck Resources from C$72.00 to C$75.00 in a research note on Thursday, July 11th. Royal Bank of Canada reduced their target price on shares of Teck Resources from C$88.00 to C$85.00 and set an “outperform” rating for the company in a research note on Tuesday, September 10th. Finally, Raymond James upped their target price on shares of Teck Resources from C$73.00 to C$74.00 in a research note on Friday. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$76.63.

Teck Resources Stock Performance

TECK.B opened at C$66.32 on Friday. The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 37.46. The company’s fifty day moving average price is C$66.35 and its two-hundred day moving average price is C$66.64. Teck Resources has a 1-year low of C$47.47 and a 1-year high of C$74.37. The company has a market cap of C$33.96 billion, a price-to-earnings ratio of 23.77, a PEG ratio of -0.38 and a beta of 1.37.

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.