Vedanta Resources Price Target Cut to GBX 1,120 by Analysts at JPMorgan Chase & Co. (VED)
Stock analysts at JPMorgan Chase & Co. cut their price objective on shares of Vedanta Resources (LON:VED) from GBX 1,130 ($18.53) to GBX 1,120 ($18.37) in a report issued on Wednesday, StockRatingsNetwork reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s target price indicates a potential upside of 25.91% from the company’s current price.
A number of other firms have also recently commented on VED. Analysts at RBC Capital upgraded shares of Vedanta Resources to a “sector perform” rating in a research note to investors on Thursday, December 5th. They now have a GBX 1,000 ($16.40) price target on the stock. Separately, analysts at AlphaValue upgraded shares of Vedanta Resources to a “buy” rating in a research note to investors on Thursday, December 5th. They now have a GBX 1,047.70 ($17.18) price target on the stock, up previously from GBX 1,041.80 ($17.09). Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of Vedanta Resources in a research note to investors on Friday, November 22nd. They now have a GBX 1,250 ($20.50) price target on the stock. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 1,205.05 ($19.76).
Shares of Vedanta Resources (LON:VED) traded up 1.48% during mid-day trading on Wednesday, hitting GBX 889.5001. The stock had a trading volume of 610,482 shares. Vedanta Resources has a 52 week low of GBX 748.00 and a 52 week high of GBX 1352.00. The stock’s 50-day moving average is GBX 867.9 and its 200-day moving average is GBX 1052.. The company’s market cap is £2.432 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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