Deutsche Bank AG reaffirmed their buy rating on shares of Vedanta Resources plc (LON:VED) in a research report sent to investors on Tuesday. They currently have a GBX 670 ($8.29) price target on the stock.
A number of other equities analysts have also weighed in on VED. Canaccord Genuity reiterated a hold rating and set a GBX 400 ($4.95) price objective on shares of Vedanta Resources plc in a research note on Monday, August 1st. Barclays PLC reiterated an underweight rating and set a GBX 320 ($3.96) price objective on shares of Vedanta Resources plc in a research note on Tuesday, August 2nd. Jefferies Group lifted their price objective on Vedanta Resources plc from GBX 350 ($4.33) to GBX 400 ($4.95) and gave the company an underperform rating in a research note on Tuesday, August 23rd. Credit Suisse Group AG lifted their price objective on Vedanta Resources plc from GBX 250 ($3.09) to GBX 300 ($3.71) and gave the company an underperform rating in a research note on Thursday, June 30th. Finally, Goldman Sachs Group Inc. reiterated a neutral rating and set a GBX 425 ($5.26) price objective on shares of Vedanta Resources plc in a research note on Tuesday, July 12th. Five 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 company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of GBX 378.50 ($4.68).
Shares of Vedanta Resources plc (LON:VED) opened at 614.50 on Tuesday. Vedanta Resources plc has a 52-week low of GBX 195.16 and a 52-week high of GBX 650.50. The stock’s market capitalization is GBX 1.70 billion. The company has a 50 day moving average price of GBX 549.06 and a 200-day moving average price of GBX 463.55.
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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