Vedanta Resources PT Lowered to GBX 920 (VED)
Investment analysts at Citigroup Inc. decreased their price target on shares of Vedanta Resources (LON:VED) from GBX 1,000 ($16.43) to GBX 920 ($15.12) in a note issued to investors on Monday, Stock Ratings Network.com reports. The firm currently has a “neutral” rating on the stock. Citigroup Inc.’s price objective would suggest a potential upside of 14.57% 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 Monday. They now have a GBX 1,120 ($18.41) 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 Friday. They now have a GBX 1,270 ($20.87) price target on the stock. Finally, analysts at RBC Capital reiterated a “sector perform” rating on shares of Vedanta Resources in a research note to investors on Friday. They now have a GBX 1,000 ($16.43) 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 assigned a buy rating to the company’s stock. Vedanta Resources currently has an average rating of “Hold” and an average price target of GBX 1,126.32 ($18.51).
Shares of Vedanta Resources (LON:VED) traded down 0.56% during mid-day trading on Monday, hitting GBX 803.00. 912,816 shares of the company’s stock traded hands. 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 872.5 and a 200-day moving average of GBX 1028.. The company’s market cap is £2.195 billion.
Vedanta Resources plc is a diversified metals and mining company. Its segments include zinc, iron ore, copper, aluminium, power and oil and gas.
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.