Vedanta Resources Stock Rating Upgraded by AlphaValue (VED)
Vedanta Resources (LON:VED) was upgraded by AlphaValue to a “reduce” rating in a research note issued on Wednesday, AnalystRatingsNetwork.com reports. The firm currently has a GBX 1,126.20 ($17.61) price objective on the stock, up from their previous price objective of GBX 1,086.30 ($16.98). AlphaValue’s price objective would indicate a potential downside of 5.20% from the stock’s previous close.
Vedanta Resources (LON:VED) opened at 1184.00 on Wednesday. Vedanta Resources has a one year low of GBX 950.00 and a one year high of GBX 1352.00. The stock has a 50-day moving average of GBX 1194. and a 200-day moving average of GBX 1168.. The company’s market cap is £3.237 billion.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group reiterated a “hold” rating on shares of Vedanta Resources (LON:VED) in a research note to investors on Monday. They now have a GBX 1,350 ($21.11) price target on the stock. Separately, analysts at Liberum Capital upgraded shares of Vedanta Resources (LON:VED) from a “hold” rating to a “buy” rating in a research note to investors on Monday, September 2nd. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Vedanta Resources (LON:VED) in a research note to investors on Monday, September 2nd. They now have a GBX 1,070 ($16.73) price target on the stock.
Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of GBX 1,292.09 ($20.20).
Vedanta Resources plc is a diversified metals and mining company. Its segments include zinc, iron ore, copper, aluminium, power and oil and gas.
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