Credit Suisse Group AG upgraded shares of Vedanta Resources plc (LON:VED) to a neutral rating in a research note released on Friday morning. The brokerage currently has GBX 330 ($4.02) target price on the stock.
A number of other brokerages have also recently issued reports on VED. Deutsche Bank AG lifted their price objective on shares of Vedanta Resources plc from GBX 630 ($7.68) to GBX 670 ($8.17) and gave the company a buy rating in a report on Wednesday, October 5th. Goldman Sachs Group Inc. reiterated a neutral rating and set a GBX 425 ($5.18) price objective on shares of Vedanta Resources plc in a report on Tuesday, July 12th. Jefferies Group reiterated an underperform rating on shares of Vedanta Resources plc in a report on Friday, July 15th. Barclays PLC reiterated an underweight rating and set a GBX 320 ($3.90) price objective on shares of Vedanta Resources plc in a report on Tuesday, August 2nd. Finally, Canaccord Genuity restated a hold rating and set a GBX 400 ($4.88) price target on shares of Vedanta Resources plc in a report on Monday, August 1st. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of Hold and an average target price of GBX 388.50 ($4.73).
Vedanta Resources plc (LON:VED) opened at 652.00 on Friday. The firm has a 50-day moving average of GBX 558.16 and a 200 day moving average of GBX 471.06. Vedanta Resources plc has a 12-month low of GBX 195.16 and a 12-month high of GBX 663.60. The company’s market capitalization is GBX 1.80 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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