Barclays PLC Raises Vedanta Resources plc (VED) Price Target to GBX 460

Vedanta Resources plc (LON:VED) had its target price upped by Barclays PLC from GBX 320 ($4.18) to GBX 460 ($6.00) in a research report report published on Wednesday morning. The firm currently has an underweight rating on the stock.

A number of other equities analysts have also issued reports on VED. Credit Suisse Group AG reissued an underperform rating and issued a GBX 250 ($3.26) price objective on shares of Vedanta Resources plc in a report on Friday, May 27th. Deutsche Bank AG reaffirmed a hold rating on shares of Vedanta Resources plc in a research note on Monday, June 6th. Goldman Sachs Group Inc. reaffirmed a neutral rating and set a GBX 400 ($5.22) price target on shares of Vedanta Resources plc in a research note on Tuesday, June 28th. Finally, Jefferies Group increased their price target on Vedanta Resources plc from GBX 200 ($2.61) to GBX 350 ($4.57) and gave the company an underperform rating in a research note on Thursday, July 7th. Five equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of GBX 374.50 ($4.89).

Vedanta Resources plc (LON:VED) opened at 551.557678 on Wednesday. Vedanta Resources plc has a 1-year low of GBX 195.16 and a 1-year high of GBX 617.50. The company has a 50-day moving average price of GBX 523.88 and a 200 day moving average price of GBX 436.01. The firm’s market capitalization is GBX 1.52 billion.

About Vedanta Resources plc

Vedanta Resources plc is a diversified natural resources company. The Company is engaged in exploring, extracting and processing minerals and oil and gas. The Company’s segments include Zinc-India, Zinc-International, Oil & Gas, Iron Ore, Copper-India/Australia, Copper-Zambia, Aluminum and Power. The Company produces zinc, lead, silver, copper, aluminum, iron ore, oil and gas and commercial power and has presence across India, Zambia, South Africa, Namibia, Ireland, Australia, Liberia, United Arab Emirates and Sri Lanka.

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