Vedanta Resources plc Receives Hold Rating from Deutsche Bank (VED)
Vedanta Resources plc (LON:VED)‘s stock had its “hold” rating restated by stock analysts at Deutsche Bank in a report issued on Friday. They currently have a GBX 1,100 ($18.49) price target on the stock. Deutsche Bank’s price objective suggests a potential downside of 0.63% from the company’s current price.
A number of other firms have also recently commented on VED. Analysts at Jefferies Group reiterated a “hold” rating on shares of Vedanta Resources plc in a research note on Tuesday, June 3rd. They now have a GBX 900 ($15.13) price target on the stock. Separately, analysts at Goldman Sachs downgraded shares of Vedanta Resources plc to a “neutral” rating in a research note on Tuesday, May 20th. They now have a GBX 1,000 ($16.81) price target on the stock. Finally, analysts at RBC Capital reiterated a “sector performer” rating on shares of Vedanta Resources plc in a research note on Monday, May 19th. They now have a GBX 1,000 ($16.81) price target on the stock. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. Vedanta Resources plc has an average rating of “Hold” and an average target price of GBX 1,050.05 ($17.65).
Vedanta Resources plc (LON:VED) traded down 2.98% on Friday, hitting GBX 1107.00. 411,630 shares of the company’s stock traded hands. Vedanta Resources plc has a 1-year low of GBX 748.00 and a 1-year high of GBX 1286.00. The stock has a 50-day moving average of GBX 1035. and a 200-day moving average of GBX 913.7. The company’s market cap is £2.956 billion.
The company also recently declared a dividend, which is scheduled for Friday, August 8th. Shareholders of record on Wednesday, July 9th will be given a dividend of GBX 23.13 ($0.39) per share. This represents a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, July 9th.
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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