Teck Resources (TSE:TECK.B – Get Free Report) had its target price hoisted by JPMorgan Chase & Co. from C$72.00 to C$76.00 in a report released on Thursday, BayStreet.CA reports. JPMorgan Chase & Co.‘s target price indicates a potential upside of 20.03% from the company’s previous close.
TECK.B has been the subject of several other research reports. Eight Capital upped their price target on shares of Teck Resources from C$72.00 to C$75.00 in a research report on Thursday, July 11th. Bank of America cut their price target on shares of Teck Resources from C$88.00 to C$87.00 in a report on Friday, July 5th. CIBC set a C$80.00 price target on shares of Teck Resources and gave the company an “outperform” rating in a report on Friday, July 12th. Jefferies Financial Group increased their price target on shares of Teck Resources from C$80.00 to C$85.00 in a report on Monday, July 8th. Finally, TD Securities increased their price target on shares of Teck Resources from C$78.00 to C$80.00 in a report on Tuesday. Eleven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$76.77.
Read Our Latest Research Report on TECK.B
Teck Resources Stock Down 4.5 %
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.
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