Vedanta Resources plc (VED) Receives “Buy” Rating from Deutsche Bank AG
A number of other research analysts also recently commented on VED. Canaccord Genuity reaffirmed a hold rating and issued a GBX 400 ($4.95) price target on shares of Vedanta Resources plc in a report on Monday, August 1st. Barclays PLC reaffirmed an underweight rating and issued a GBX 320 ($3.96) price target on shares of Vedanta Resources plc in a report on Tuesday, August 2nd. Jefferies Group increased their price target on shares of Vedanta Resources plc from GBX 350 ($4.33) to GBX 400 ($4.95) and gave the company an underperform rating in a report on Tuesday, August 23rd. Credit Suisse Group AG increased their price target on shares of 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. Finally, Goldman Sachs Group Inc. reissued a neutral rating and issued a GBX 425 ($5.26) price objective on shares of Vedanta Resources plc in a research note on Tuesday, July 12th. Five equities 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 has an average rating of Hold and an average target price of GBX 378.50 ($4.68).
Vedanta Resources plc (LON:VED) opened at 651.00 on Tuesday. The firm has a 50-day moving average price of GBX 544.17 and a 200 day moving average price of GBX 460.69. The company’s market cap is GBX 1.80 billion. Vedanta Resources plc has a one year low of GBX 195.16 and a one year high of GBX 653.00.
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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