In a report released on October 5, Bill Peterson from J.P. Morgan maintained a Hold rating on Teck Resources, with a price target of $56.00. The company’s shares opened today at $44.30.
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Peterson covers the Basic Materials sector, focusing on stocks such as Freeport-McMoRan, Alcoa, and MP Materials. According to TipRanks, Peterson has an average return of -2.8% and a 46.86% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Teck Resources with a $45.77 average price target, implying a 3.32% upside from current levels. In a report released today, Stifel Nicolaus also maintained a Hold rating on the stock with a C$60.00 price target.
TECK market cap is currently $20.75B and has a P/E ratio of 156.28.
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- Teck Resources downgraded to Hold from Buy at Canaccord (yesterday)
- Teck Resources price target raised to $43 from $41 at JPMorgan
- Teck Resources Updates Operational Outlook Following Comprehensive Review
- Teck Resources downgraded to Hold from Buy at Canaccord
- Teck Resources price target raised to C$60 from C$55 at Citi
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