Vedanta Resources Rating Reiterated by Deutsche Bank (VED)
Vedanta Resources (LON:VED)‘s stock had its “hold” rating restated by equities research analysts at Deutsche Bank in a research note issued to investors on Tuesday, StockRatingsNetwork reports. They currently have a GBX 1,100 ($17.65) target price on the stock. Deutsche Bank’s target price points to a potential upside of 3.68% from the company’s current price.
A number of other analysts have also recently weighed in on VED. Analysts at Bank of America Corp. reiterated a “neutral” rating on shares of Vedanta Resources in a research note to investors on Friday, September 27th. They now have a GBX 1,400 ($22.46) price target on the stock. Separately, analysts at AlphaValue reiterated a “reduce” rating on shares of Vedanta Resources in a research note to investors on Thursday, September 26th. They now have a GBX 1,114 ($17.87) price target on the stock. Finally, analysts at RBC Capital reiterated an “underperform” rating on shares of Vedanta Resources in a research note to investors on Tuesday, September 24th. They now have a GBX 1,100 ($17.65) price target on the stock. Two analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 1,288.72 ($20.68).
Vedanta Resources (LON:VED) opened at 1060.00 on Tuesday. 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 £2.898 billion.
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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