JPMorgan Chase & Co. Cuts Teck Resources (TSE:TECK.B) Price Target to C$74.00

Teck Resources (TSE:TECK.B) had its price objective reduced by JPMorgan Chase & Co. from C$76.00 to C$74.00 in a research note released on Thursday morning, BayStreet.CA reports.

TECK.B has been the subject of a number of other reports. Royal Bank of Canada dropped their price target on shares of Teck Resources from C$91.00 to C$88.00 in a research report on Thursday. Raymond James dropped their price objective on shares of Teck Resources from C$71.00 to C$70.00 in a report on Thursday. CIBC set a C$80.00 price objective on shares of Teck Resources and gave the company an outperform rating in a report on Friday, July 12th. Jefferies Financial Group lifted their price objective on shares of Teck Resources from C$80.00 to C$85.00 in a report on Monday, July 8th. Finally, National Bankshares lifted their price objective on shares of Teck Resources from C$82.50 to C$86.00 and gave the company an outperform rating in a report on Monday, July 15th. Eleven analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of Buy and a consensus target price of C$77.00.

Teck Resources Price Performance

Shares of TECK.B opened at C$65.63 on Thursday. Teck Resources has a 1-year low of C$47.47 and a 1-year high of C$74.37. The stock has a market cap of C$33.56 billion, a PE ratio of 21.45, a P/E/G ratio of -0.38 and a beta of 1.42. The firm has a 50-day simple moving average of C$67.17 and a two-hundred day simple moving average of C$61.91. The company has a debt-to-equity ratio of 37.28, a current ratio of 1.49 and a quick ratio of 0.97.

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.