Vedanta Resources plc Stock Rating Reaffirmed by RBC Capital (VED)
Vedanta Resources plc (LON:VED)‘s stock had its “sector performer” rating reiterated by equities research analysts at RBC Capital in a research note issued to investors on Monday. They currently have a GBX 1,000 ($16.82) price target on the stock. RBC Capital’s price objective indicates a potential upside of 2.25% from the stock’s previous close.
Vedanta Resources plc (LON:VED) traded up 3.78% on Monday, hitting GBX 1014.9999. The stock had a trading volume of 969,555 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 932.3 and a 200-day moving average of GBX 902.3. The company’s market cap is £2.711 billion.
The company also recently announced a dividend, which is scheduled for Friday, August 8th. Investors of record on Wednesday, July 9th will be paid a dividend of GBX 23.13 ($0.39) per share. This represents a dividend yield of 2.4%. The ex-dividend date is Wednesday, July 9th.
A number of other analysts have also recently weighed in on VED. Analysts at Barclays reiterated an “underweight” rating on shares of Vedanta Resources plc in a research note on Friday. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Vedanta Resources plc in a research note on Thursday. They now have a GBX 1,150 ($19.34) price target on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Vedanta Resources plc from GBX 950 ($15.98) to GBX 1,100 ($18.50) in a research note on Thursday. They now have a “hold” rating on the stock. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. Vedanta Resources plc currently has a consensus rating of “Hold” and an average target price of GBX 1,065.44 ($17.92).
Vedanta Resources plc is a diversified metals and mining company. Its segments include zinc, iron ore, copper, aluminum, 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.