Vedanta Resources plc (VED) Receives GBX 905 Average Price Target from Brokerages
Shares of Vedanta Resources plc (LON:VED) have earned an average recommendation of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is GBX 905 ($12.50).
VED has been the topic of several research analyst reports. Citigroup restated a “buy” rating on shares of Vedanta Resources in a research note on Monday, November 13th. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 650 ($8.98) price objective on shares of Vedanta Resources in a research note on Monday, November 13th. Credit Suisse Group initiated coverage on Vedanta Resources in a research note on Monday, January 15th. They set an “outperform” rating and a GBX 1,160 ($16.03) price objective on the stock. Finally, Barclays restated an “underweight” rating on shares of Vedanta Resources in a research note on Thursday, November 2nd.
In other Vedanta Resources news, insider Anil Agarwal sold 60,904 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of GBX 769 ($10.62), for a total value of £468,351.76 ($647,073.45).
About Vedanta Resources
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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