Vedanta Resources plc (LON:VED) had its price objective hoisted by Deutsche Bank AG from GBX 630 ($8.22) to GBX 670 ($8.75) in a report released on Wednesday morning. Deutsche Bank AG currently has a buy rating on the stock.
Several other equities analysts also recently issued reports on VED. Barclays PLC lifted their price target on shares of Vedanta Resources plc from GBX 320 ($4.18) to GBX 460 ($6.00) and gave the company an underweight rating in a report on Wednesday, September 21st. Jefferies Group raised their price objective on shares of Vedanta Resources plc from GBX 350 ($4.57) to GBX 400 ($5.22) and gave the company an underperform rating in a research report on Tuesday, August 23rd. Credit Suisse Group AG restated an underperform rating and issued a GBX 330 ($4.31) price objective on shares of Vedanta Resources plc in a research report on Monday, August 1st. Canaccord Genuity restated a hold rating and issued a GBX 400 ($5.22) price objective on shares of Vedanta Resources plc in a research report on Monday, August 1st. Finally, Goldman Sachs Group Inc. restated a neutral rating and issued a GBX 425 ($5.55) price objective on shares of Vedanta Resources plc in a research report on Tuesday, July 12th. Five research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of GBX 378.50 ($4.94).
Vedanta Resources plc (LON:VED) opened at 634.00 on Wednesday. The stock has a 50 day moving average of GBX 538.50 and a 200 day moving average of GBX 454.18. The company’s market capitalization is GBX 1.75 billion. Vedanta Resources plc has a 12-month low of GBX 195.16 and a 12-month high of GBX 641.00.
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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