Vedanta Resources Receives Reduce Rating from AlphaValue (VED)
Vedanta Resources (LON:VED)‘s stock had its “reduce” rating reiterated by equities researchers at AlphaValue in a research report issued on Thursday, AnalystRatings.NET reports. They currently have a GBX 1,065 ($17.09) target price on the stock. AlphaValue’s target price indicates a potential upside of 4.41% from the stock’s previous close.
Vedanta Resources (LON:VED) traded down 0.49% on Thursday, hitting GBX 1014.9999. 1,206,525 shares of the company’s stock traded hands. Vedanta Resources has a one year low of GBX 966.00 and a one year high of GBX 1352.00. The stock’s 50-day moving average is GBX 1193. and its 200-day moving average is GBX 1167.. The company’s market cap is £2.775 billion.
A number of other analysts have also recently weighed in on VED. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Vedanta Resources in a research note to investors on Thursday. They now have a GBX 1,540 ($24.71) price target on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Vedanta Resources in a research note to investors on Wednesday. They now have a GBX 1,350 ($21.66) 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 Wednesday. 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. Vedanta Resources presently has an average rating of “Hold” and a consensus price target of GBX 1,274.51 ($20.45).
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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