Teck Resources (TSE:TECK.B) PT Raised to C$72.00 at JPMorgan Chase & Co.

Teck Resources (TSE:TECK.B - Free Report) had its price target upped by JPMorgan Chase & Co. from C$70.00 to C$72.00 in a research note issued to investors on Friday, BayStreet.CA reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Several other equities analysts have also recently commented on the stock. National Bankshares boosted their target price on shares of Teck Resources from C$66.00 to C$70.00 in a research report on Friday, February 23rd. UBS Group dropped their target price on shares of Teck Resources from C$64.00 to C$63.00 in a research report on Wednesday, January 17th. Jefferies Financial Group boosted their target price on shares of Teck Resources from C$75.00 to C$80.00 and gave the company a buy rating in a research report on Friday, April 12th. Eight Capital lifted 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 report on Monday. Finally, B. Riley decreased their price target on shares of Teck Resources from C$72.00 to C$59.00 and set a buy rating on the stock in a report on Tuesday, January 23rd. Eleven equities research analysts have rated the stock with a buy rating, According to MarketBeat, Teck Resources has a consensus rating of Buy and a consensus target price of C$72.50.

Teck Resources Stock Performance

Teck Resources stock traded up C$1.20 during midday trading on Friday, hitting C$68.85. The company's stock had a trading volume of 1,171,052 shares, compared to its average volume of 1,087,788. Teck Resources has a 1-year low of C$47.47 and a 1-year high of C$69.59. The company has a debt-to-equity ratio of 39.21, a current ratio of 1.10 and a quick ratio of 0.97. The company 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 market cap 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.