Vedanta Resources plc (VED) Price Target Raised to GBX 670 at Deutsche Bank AG
Vedanta Resources plc (LON:VED) had its price target lifted by Deutsche Bank AG from GBX 630 ($8.22) to GBX 670 ($8.75) in a report published on Wednesday. Deutsche Bank AG currently has a buy rating on the stock.
VED has been the subject of a number of other reports. Credit Suisse Group AG reaffirmed an underperform rating and issued a GBX 330 ($4.31) target price on shares of Vedanta Resources plc in a report on Monday, August 1st. Goldman Sachs Group Inc. reaffirmed a neutral rating and issued a GBX 400 ($5.22) target price on shares of Vedanta Resources plc in a report on Tuesday, June 28th. Jefferies Group upped their target price on shares of Vedanta Resources plc from GBX 200 ($2.61) to GBX 350 ($4.57) and gave the company an underperform rating in a report on Thursday, July 7th. Barclays PLC upped their target price 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. Finally, Canaccord Genuity reaffirmed a hold rating and issued a GBX 400 ($5.22) target price on shares of Vedanta Resources plc in a report on Monday, August 1st. Five research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of GBX 378.50 ($4.94).
Shares of Vedanta Resources plc (LON:VED) traded up 0.32% during midday trading on Wednesday, reaching GBX 619.50. The company’s stock had a trading volume of 374,209 shares. The company has a 50 day moving average of GBX 533.93 and a 200-day moving average of GBX 451.78. Vedanta Resources plc has a 52 week low of GBX 195.16 and a 52 week high of GBX 624.24. The stock’s market capitalization is GBX 1.71 billion.
Vedanta Resources plc Company Profile
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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