Vedanta Resources plc (LON:VED) had its price objective hoisted by Jefferies Group from GBX 400 ($4.95) to GBX 500 ($6.19) in a research note released on Friday. Jefferies Group currently has an underperform rating on the stock.
VED has been the subject of a number of other reports. Deutsche Bank AG reissued a hold rating on shares of Vedanta Resources plc in a report on Thursday, June 16th. Credit Suisse Group AG upped their target price on Vedanta Resources plc from GBX 250 ($3.09) to GBX 300 ($3.71) and gave the company an underperform rating in a report on Thursday, June 30th. Goldman Sachs Group Inc. reaffirmed a neutral rating and issued a GBX 400 ($4.95) target price on shares of Vedanta Resources plc in a report on Tuesday, June 28th. Canaccord Genuity reaffirmed a hold rating and issued a GBX 400 ($4.95) target price on shares of Vedanta Resources plc in a report on Monday, August 1st. Finally, Barclays PLC upped their target price on Vedanta Resources plc from GBX 320 ($3.96) to GBX 460 ($5.69) and gave the company an underweight rating in a report on Wednesday, September 21st. Four research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of GBX 388.50 ($4.81).
Vedanta Resources plc (LON:VED) traded up 0.47% during mid-day trading on Friday, reaching GBX 638.00. The company had a trading volume of 407,885 shares. The stock’s market capitalization is GBX 1.76 billion. The company’s 50-day moving average is GBX 551.79 and its 200-day moving average is GBX 464.73. Vedanta Resources plc has a one year low of GBX 195.16 and a one year high of GBX 663.60.
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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