Jefferies Group LLC Raises Vedanta Resources plc (VED) Price Target to GBX 700
Vedanta Resources plc (LON:VED) had its target price lifted by Jefferies Group LLC from GBX 575 ($7.44) to GBX 700 ($9.05) in a research report sent to investors on Thursday. Jefferies Group LLC currently has an underperform rating on the stock.
Several other research firms also recently issued reports on VED. Citigroup Inc. restated a buy rating and issued a GBX 840 ($10.86) price target on shares of Vedanta Resources plc in a research note on Monday, July 31st. Barclays PLC restated an underweight rating and issued a GBX 600 ($7.76) price target on shares of Vedanta Resources plc in a research note on Friday, July 14th. J P Morgan Chase & Co restated a neutral rating and issued a GBX 600 ($7.76) price target on shares of Vedanta Resources plc in a research note on Wednesday, July 12th. Finally, Goldman Sachs Group, Inc. (The) restated a buy rating and issued a GBX 925 ($11.96) price target on shares of Vedanta Resources plc in a research note on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, five have issued 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 746.11 ($9.65).
Vedanta Resources plc (LON:VED) opened at 877.50 on Thursday. The company has a 50-day moving average price of GBX 764.23 and a 200 day moving average price of GBX 745.69. The company’s market capitalization is GBX 2.44 billion. Vedanta Resources plc has a 12 month low of GBX 476.30 and a 12 month high of GBX 1,112.50.
Vedanta Resources plc Company Profile
Vedanta Resources plc is a natural resources company, which is engaged in exploring, extracting and processing minerals, and oil and gas. The Company produces zinc, lead, silver, copper, aluminum, iron ore, oil and gas, and commercial power. Its operations are located in India, Zambia, Namibia, South Africa, Liberia, Ireland, Australia and the United Arab Emirates.
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