Teck Resources (TSE:TECK.B) PT Raised to C$72.00

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

A number of other analysts have also weighed in on the stock. Bank of America upped their target price on shares of Teck Resources from C$67.00 to C$88.00 in a research note on Tuesday, April 9th. National Bankshares increased their price target on shares of Teck Resources from C$66.00 to C$70.00 in a research note on Friday, February 23rd. Scotiabank increased their price target on shares of 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. Eight Capital increased their price target on shares of Teck Resources from C$65.00 to C$72.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Finally, Raymond James increased their price target on shares of Teck Resources from C$64.00 to C$70.00 and gave the company an “outperform” rating in a research note on Tuesday, April 23rd. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$71.91.

Teck Resources Stock Up 1.8 %

TECK.B stock opened at C$68.85 on Friday. The company’s 50 day moving average price is C$59.73 and its 200 day moving average price is C$54.77. The company has a debt-to-equity ratio of 39.21, a quick ratio of 0.97 and a current ratio of 1.10. Teck Resources has a fifty-two week low of C$47.47 and a fifty-two week high of C$69.59. The firm has a market capitalization of C$35.15 billion, a price-to-earnings ratio of 14.84, a PEG ratio of -0.38 and a beta of 1.44.

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.