Vedanta Resources Receives “Outperform” Rating from Credit Suisse (VED)
Vedanta Resources (LON:VED)‘s stock had its “outperform” rating reiterated by Credit Suisse in a research note issued on Wednesday, American Banking News.com reports. They currently have a GBX 1,350 ($21.66) price objective on the stock. Credit Suisse’s target price would suggest a potential upside of 26.17% from the stock’s previous close.
Shares of Vedanta Resources (LON:VED) opened at 1016.00 on Wednesday. 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 £2.778 billion.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital reiterated an “underperform” rating on shares of Vedanta Resources in a research note to investors on Wednesday. They now have a GBX 1,100 ($17.65) price target on the stock. Separately, analysts at Morgan Stanley downgraded shares of Vedanta Resources to an “underweight” rating in a research note to investors on Wednesday. They now have a GBX 1,140 ($18.29) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Vedanta Resources in a research note to investors on Tuesday. They now have a GBX 1,100 ($17.65) price target on the stock. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of GBX 1,278.01 ($20.50).
Vedanta Resources plc is a diversified metals and mining company. Its segments include zinc, iron ore, copper, aluminium, power and oil and gas.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.