Vedanta Resources Rating Reiterated by Deutsche Bank (VED)
Vedanta Resources (LON:VED)‘s stock had its “hold” rating restated by Deutsche Bank in a research note issued on Monday, AmericanBankingNews.com reports. They currently have a GBX 1,070 ($17.63) price target on the stock. Deutsche Bank’s price objective indicates a potential upside of 26.93% from the company’s current price.
A number of other firms have also recently commented on VED. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Vedanta Resources in a research note to investors on Tuesday, January 21st. They now have a GBX 1,270 ($20.93) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Vedanta Resources in a research note to investors on Friday, January 17th. They now have a GBX 1,120 ($18.45) price target 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 ($19.77) price target on the stock. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 1,141.65 ($18.81).
Shares of Vedanta Resources (LON:VED) traded down 2.49% on Monday, hitting GBX 843.00. The stock had a trading volume of 956,615 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 868.3 and its 200-day moving average is GBX 1037.. The company’s market cap is £2.305 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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