RBC Capital Increases Vedanta Resources plc Price Target to GBX 1,000 (VED)
Stock analysts at RBC Capital raised their price objective on shares of Vedanta Resources plc (LON:VED) from GBX 950 ($16.03) to GBX 1,000 ($16.87) in a report issued on Tuesday, Stock Ratings Network reports. The firm currently has a “neutral” rating on the stock. RBC Capital’s target price indicates a potential upside of 10.25% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at HSBC reiterated an “underweight” rating on shares of Vedanta Resources plc in a research note on Tuesday, April 29th. They now have a GBX 768 ($12.96) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Vedanta Resources plc in a research note on Monday, April 28th. They now have a GBX 950 ($16.03) price target on the stock. 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 ($18.56) price target on the stock. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. Vedanta Resources plc has a consensus rating of “Hold” and a consensus price target of GBX 1,032.19 ($17.41).
Shares of Vedanta Resources plc (LON:VED) traded down 1.57% during mid-day trading on Tuesday, hitting GBX 907.00. The stock had a trading volume of 366,366 shares. 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 916. and a 200-day moving average of GBX 905.6. The company’s market cap is £2.480 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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