Teck Resources (TSE:TECK.B) PT Lowered to C$76.00 at JPMorgan Chase & Co.

Teck Resources (TSE:TECK.B) had its price target cut by equities research analysts at JPMorgan Chase & Co. from C$78.00 to C$76.00 in a report released on Friday, BayStreet.CA reports. JPMorgan Chase & Co.‘s price objective points to a potential upside of 15.84% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. Royal Bank of Canada reduced their price objective on Teck Resources from C$88.00 to C$85.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 10th. CIBC set a C$80.00 target price on shares of Teck Resources and gave the company an “outperform” rating in a report on Friday, July 12th. National Bankshares raised their target price on Teck Resources from C$86.00 to C$90.00 in a research note on Tuesday, October 15th. Eight Capital increased their price target on Teck Resources from C$72.00 to C$75.00 in a report on Thursday, July 11th. Finally, BMO Capital Markets cut their target price on shares of Teck Resources from C$80.00 to C$77.00 in a research note on Thursday, July 25th. One investment analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$76.63.

Teck Resources Stock Performance

TSE TECK.B traded up C$0.76 during trading on Friday, reaching C$65.61. 636,457 shares of the company’s stock were exchanged, compared to its average volume of 1,183,275. Teck Resources has a fifty-two week low of C$47.47 and a fifty-two week high of C$74.37. The stock has a market capitalization of C$33.59 billion, a P/E ratio of 23.62, a PEG ratio of -0.38 and a beta of 1.37. The business has a 50 day moving average price of C$66.34 and a 200-day moving average price of C$66.62. The company has a debt-to-equity ratio of 37.46, a current ratio of 1.48 and a quick ratio of 0.97.

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.