Vedanta Resources Given Average Rating of “Hold” by Brokerages (LON:VED)
Shares of Vedanta Resources (LON:VED) have received an average recommendation of “Hold” from the seventeen analysts that are currently covering the company, American Banking News.com reports. Two research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is GBX 1,126.32 ($18.48).
Vedanta Resources (LON:VED) traded up 1.75% on Monday, hitting GBX 872.5001. 266,824 shares of the company’s stock traded hands. 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 875.2 and a 200-day moving average of GBX 1020.. The company’s market cap is £2.385 billion.
A number of research firms have recently commented on VED. Analysts at Citigroup Inc. cut their price target on shares of Vedanta Resources from GBX 1,000 ($16.41) to GBX 920 ($15.09) in a research note to investors on Monday, February 3rd. They now have a “neutral” rating 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 Monday, February 3rd. They now have a GBX 1,120 ($18.38) price target on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Vedanta Resources in a research note to investors on Friday, January 31st. They now have a GBX 1,270 ($20.84) price target on the stock.
Vedanta Resources plc is a diversified metals and mining company. Its segments include zinc, iron ore, copper, aluminum, power and oil and gas.
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