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 price target lifted 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.

Several other research analysts have also recently commented on TECK.B. National Bankshares raised their target price on shares of Teck Resources from C$66.00 to C$70.00 in a report on Friday, February 23rd. Eight Capital lifted their price objective on Teck Resources from C$65.00 to C$72.00 and gave the company a buy rating in a report on Monday, April 22nd. Canaccord Genuity Group upped their target price on Teck Resources from C$59.00 to C$75.00 in a research report on Wednesday, April 17th. 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 report on Tuesday. Finally, Scotiabank upped their price objective on shares of Teck Resources from C$69.00 to C$71.00 and gave the stock an outperform rating in a research report on Monday, January 15th. Eleven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of Buy and a consensus price target of C$72.50.

Teck Resources Trading Up 1.8 %

Shares of TECK.B stock opened at C$68.85 on Friday. Teck Resources has a 12-month low of C$47.47 and a 12-month high of C$69.59. The company has a market capitalization of C$35.15 billion, a PE ratio of 14.84, a price-to-earnings-growth ratio of -0.38 and a beta of 1.44. The firm has a 50 day moving average price of C$59.73 and a two-hundred day moving average price of C$54.78. The company has a quick ratio of 0.97, a current ratio of 1.10 and a debt-to-equity ratio of 39.21.

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.