Vedanta Resources Given New GBX 1,100 Price Target at Deutsche Bank (VED)
Deutsche Bank reduced their price objective on shares of Vedanta Resources (LON:VED) from GBX 1,205 ($19.30) to GBX 1,100 ($17.62) in a research note issued on Thursday, American Banking & Market News reports. The firm currently has a “hold” rating on the stock. Deutsche Bank’s target price points to a potential downside of 0.27% from the stock’s previous close.
Vedanta Resources (LON:VED) traded down 0.36% on Thursday, hitting GBX 1103.00. The stock had a trading volume of 534,764 shares. Vedanta Resources has a one year low of GBX 966.00 and a one year high of GBX 1352.00. The stock has a 50-day moving average of GBX 1193. and a 200-day moving average of GBX 1167.. The company’s market cap is £3.016 billion.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital reiterated an “underperform” rating on shares of Vedanta Resources (LON:VED) in a research note to investors on Tuesday. They now have a GBX 1,100 ($17.62) price target on the stock. Separately, analysts at Citigroup Inc. raised their price target on shares of Vedanta Resources (LON:VED) from GBX 1,070 ($17.14) to GBX 1,150 ($18.42) in a research note to investors on Monday. They now have a “neutral” rating on the stock. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Vedanta Resources (LON:VED) from GBX 1,550 ($24.83) to GBX 1,540 ($24.67) in a research note to investors on Tuesday, September 17th. They now have an “overweight” rating on the stock. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. Vedanta Resources currently has an average rating of “Hold” and an average target price of GBX 1,288.72 ($20.64).
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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