Deutsche Bank Reiterates Hold Rating for Vedanta Resources (VED)
Vedanta Resources (LON:VED)‘s stock had its “hold” rating reiterated by research analysts at Deutsche Bank in a report released on Thursday, Analyst Ratings News reports. They currently have a GBX 1,050 ($16.98) target price on the stock. Deutsche Bank’s price objective suggests a potential downside of 1.69% from the stock’s previous close.
A number of other analysts have also recently weighed in on VED. Analysts at Jefferies Group cut their price target on shares of Vedanta Resources from GBX 1,350 ($21.83) to GBX 1,250 ($20.21) in a research note to investors on Thursday. They now have a “hold” rating on the stock. Separately, analysts at HSBC cut their price target on shares of Vedanta Resources from GBX 1,220 ($19.73) to GBX 1,040 ($16.82) in a research note to investors on Thursday, October 17th. They now have a “neutral” rating on the stock. Finally, analysts at AlphaValue reiterated a “reduce” rating on shares of Vedanta Resources in a research note to investors on Thursday, October 10th. They now have a GBX 1,065 ($17.22) price target on the stock. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 1,233.79 ($19.95).
Vedanta Resources (LON:VED) traded down 1.84% during mid-day trading on Thursday, hitting GBX 1068.00. 1,268,668 shares of the company’s stock traded hands. Vedanta Resources has a 52 week low of GBX 966.00 and a 52 week high of GBX 1352.00. The stock’s 50-day moving average is GBX 1114.43 and its 200-day moving average is GBX 1159.. The company’s market cap is £2.920 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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