Vedanta Resources Rating Reiterated by JPMorgan Chase & Co. (VED)
Vedanta Resources (LON:VED)‘s stock had its “overweight” rating reaffirmed by equities research analysts at JPMorgan Chase & Co. in a research note issued to investors on Monday, American Banking and Market News reports. They currently have a GBX 1,120 ($18.41) price objective on the stock. JPMorgan Chase & Co.’s target price indicates a potential upside of 39.48% from the stock’s previous close.
Shares of Vedanta Resources (LON:VED) traded down 0.56% on Monday, hitting GBX 803.00. The stock had a trading volume of 912,816 shares. Vedanta Resources has a one year low of GBX 748.00 and a one year high of GBX 1352.00. The stock has a 50-day moving average of GBX 869.2 and a 200-day moving average of GBX 1031.. The company’s market cap is £2.195 billion.
A number of other analysts have also recently weighed in on VED. 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. Separately, 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. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Vedanta Resources in a research note to investors on Monday, January 27th. They now have a GBX 1,070 ($17.58) price target on the stock. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. Vedanta Resources currently has a consensus rating of “Hold” and a consensus target price of GBX 1,126.32 ($18.51).
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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