Citigroup Inc. Reaffirms “Buy” Rating for Vedanta Resources plc (VED)
Citigroup Inc. reiterated their buy rating on shares of Vedanta Resources plc (LON:VED) in a research note published on Monday, MarketBeat reports.
A number of other analysts have also recently issued reports on the company. Barclays PLC restated an underweight rating on shares of Vedanta Resources plc in a research report on Thursday, November 2nd. J P Morgan Chase & Co boosted their price objective on Vedanta Resources plc from GBX 600 ($7.89) to GBX 650 ($8.55) and gave the company a neutral rating in a research report on Wednesday, October 11th. Jefferies Group LLC upped their price target on Vedanta Resources plc from GBX 575 ($7.56) to GBX 700 ($9.21) and gave the company an underperform rating in a research report on Thursday, August 31st. Finally, Goldman Sachs Group, Inc. (The) reiterated a buy rating and issued a GBX 925 ($12.17) price target on shares of Vedanta Resources plc in a research report on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Vedanta Resources plc presently has a consensus rating of Hold and a consensus target price of GBX 814.38 ($10.71).
Shares of Vedanta Resources plc (LON VED) opened at GBX 775.50 ($10.20) on Monday. Vedanta Resources plc has a 1 year low of GBX 558.50 ($7.35) and a 1 year high of GBX 1,112.50 ($14.63).
ILLEGAL ACTIVITY NOTICE: This piece was reported by Daily Political and is the sole property of of Daily Political. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. and international copyright & trademark law. The legal version of this piece can be viewed at https://www.dailypolitical.com/2017/11/16/citigroup-inc-reaffirms-buy-rating-for-vedanta-resources-plc-ved.html.
The business also recently declared a dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 23rd will be given a GBX 18.31 ($0.24) dividend. This represents a yield of 2.18%. The ex-dividend date is Thursday, November 23rd.
In other Vedanta Resources plc news, insider Tarun Jain sold 4,176 shares of the business’s stock in a transaction on Monday, September 25th. The stock was sold at an average price of GBX 813 ($10.69), for a total value of £33,950.88 ($44,654.58).
About Vedanta Resources plc
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.
Receive News & Ratings for Vedanta Resources plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vedanta Resources plc and related companies with MarketBeat.com's FREE daily email newsletter.