Vale SA Coverage Initiated by Analysts at Jefferies Group (VALE)
Stock analysts at Jefferies Group initiated coverage on shares of Vale SA (NYSE:VALE) in a report issued on Friday, AnalystRatingsNetwork reports. The firm set a “hold” rating and a $15.00 price target on the stock. Jefferies Group’s price objective suggests a potential upside of 9.33% from the company’s current price.
Shares of Vale SA (NYSE:VALE) traded up 1.25% on Friday, hitting $13.72. 19,769,472 shares of the company’s stock traded hands. Vale SA has a 52-week low of $12.39 and a 52-week high of $20.70. The stock’s 50-day moving average is $14.81 and its 200-day moving average is $15.05. The company has a market cap of $70.704 billion and a P/E ratio of 15.16.
A number of other analysts have also recently weighed in on VALE. Analysts at HSBC raised their price target on shares of Vale SA from $19.00 to $20.50 in a research note to investors on Tuesday, November 12th. They now have an “overweight” rating on the stock. Analysts at Canaccord Genuity cut their price target on shares of Vale SA from $20.00 to $18.50 in a research note to investors on Friday, November 8th. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $18.80.
Vale SA (NYSE:VALE) is a Brazil-based metals and mining company.
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.