Credit Suisse Reiterates Outperform Rating for Vedanta Resources (VED)
Vedanta Resources (LON:VED)‘s stock had its “outperform” rating reiterated by investment analysts at Credit Suisse in a note issued to investors on Tuesday, Analyst Ratings Net reports. They currently have a GBX 1,270 ($20.85) target price on the stock. Credit Suisse’s price target suggests a potential upside of 35.54% from the stock’s previous close.
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 Friday. They now have a GBX 1,120 ($18.38) price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Vedanta Resources from GBX 1,020 ($16.74) to GBX 1,070 ($17.56) in a research note to investors on Wednesday, January 15th. They now have a “hold” rating on the stock. Finally, analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Vedanta Resources in a research note to investors on Tuesday, January 14th. They now have a GBX 1,200 ($19.70) price target on the stock. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 1,141.65 ($18.74).
Vedanta Resources (LON:VED) opened at 923.4999 on Tuesday. 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 863.4 and its 200-day moving average is GBX 1043.. The company’s market cap is £2.525 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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