Teck Resources (TSE:TECK.B) Given New C$74.00 Price Target at JPMorgan Chase & Co.

Teck Resources (TSE:TECK.B) had its target price lowered by JPMorgan Chase & Co. from C$76.00 to C$74.00 in a report issued on Thursday, BayStreet.CA reports.

TECK.B has been the subject of a number of other reports. Royal Bank of Canada reduced their price objective on shares of Teck Resources from C$91.00 to C$88.00 in a research report on Thursday. Scotiabank reduced their price target on shares of Teck Resources from C$85.00 to C$84.00 in a research report on Thursday. National Bankshares lifted their price objective on Teck Resources from C$82.50 to C$86.00 and gave the stock an outperform rating in a report on Monday, July 15th. CIBC set a C$80.00 target price on Teck Resources and gave the company an outperform rating in a report on Friday, July 12th. Finally, Raymond James lowered their price target on Teck Resources from C$71.00 to C$70.00 in a research note on Thursday. Eleven analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of Buy and an average target price of C$77.00.

Teck Resources Stock Performance

TSE TECK.B opened at C$63.17 on Thursday. The stock has a market capitalization of C$32.30 billion, a price-to-earnings ratio of 20.64, a PEG ratio of -0.38 and a beta of 1.42. Teck Resources has a twelve month low of C$47.47 and a twelve month high of C$74.37. The stock has a 50-day moving average of C$67.32 and a 200 day moving average of C$61.69. The company has a current ratio of 1.49, a quick ratio of 0.97 and a debt-to-equity ratio of 37.28.

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.