Vedanta Resources plc Stock Rating Reaffirmed by HSBC (VED)
Vedanta Resources plc (LON:VED)‘s stock had its “underweight” rating reaffirmed by equities researchers at HSBC in a research report issued on Tuesday, AnalystRatingsNetwork reports. They currently have a GBX 768 ($12.90) price objective on the stock. HSBC’s price target points to a potential downside of 18.21% from the stock’s previous close.
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 plc in a research note on Monday. They now have a GBX 950 ($15.96) price target on the stock. Separately, analysts at RBC Capital reiterated a “sector performer” rating on shares of Vedanta Resources plc in a research note on Friday, April 11th. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Vedanta Resources plc in a research note on Thursday, April 10th. They now have a GBX 1,100 ($18.48) price target on the stock. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 1,042.36 ($17.51).
Shares of Vedanta Resources plc (LON:VED) traded up 0.32% on Tuesday, hitting GBX 939.0001. 301,490 shares of the company’s stock traded hands. Vedanta Resources plc 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 892.8 and a 200-day moving average of GBX 909.6. The company’s market cap is £2.567 billion.
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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