Vedanta Resources Rating Reiterated by Credit Suisse (VED)
Vedanta Resources (LON:VED)‘s stock had its “outperform” rating reaffirmed by Credit Suisse in a research note issued on Wednesday, American Banking & Market News reports. They currently have a GBX 1,270 ($20.83) price target on the stock. Credit Suisse’s price objective would indicate a potential upside of 44.89% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. cut their price target on shares of Vedanta Resources from GBX 1,130 ($18.53) to GBX 1,120 ($18.37) in a research note to investors on Wednesday. They now have an “overweight” rating on the stock. Finally, 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. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of GBX 1,205.05 ($19.76).
Vedanta Resources (LON:VED) opened at 885.84 on Wednesday. Vedanta Resources has a 52 week low of GBX 748.00 and a 52 week high of GBX 1352.00. The stock has a 50-day moving average of GBX 867.9 and a 200-day moving average of GBX 1052.. The company’s market cap is £2.422 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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