Vedanta Resources Receives “Sector Perform” Rating from RBC Capital (VED)
Vedanta Resources (LON:VED)‘s stock had its “sector perform” rating reaffirmed by equities research analysts at RBC Capital in a research note issued to investors on Friday, AnalystRatings.NET reports. They currently have a GBX 1,000 ($16.48) price objective on the stock. RBC Capital’s price target suggests a potential upside of 19.40% from the stock’s previous close.
Vedanta Resources (LON:VED) opened at 798.00 on Friday. Vedanta Resources has a one year low of GBX 748.00 and a one year high of GBX 1352.00. The stock’s 50-day moving average is GBX 869.3 and its 200-day moving average is GBX 1032.. The company’s market cap is £2.182 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Vedanta Resources in a research note to investors on Monday. They now have a GBX 1,070 ($17.63) price target on the stock. Separately, 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. Finally, 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. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 1,141.65 ($18.81).
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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