Vedanta Resources plc Rating Reiterated by Jefferies Group (VED)
Vedanta Resources plc (LON:VED)‘s stock had its “hold” rating reaffirmed by analysts at Jefferies Group in a research report issued to clients and investors on Friday. They currently have a GBX 900 ($15.28) price target on the stock. Jefferies Group’s price objective would indicate a potential downside of 19.57% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Societe Generale reiterated a “buy” rating on shares of Vedanta Resources plc in a research note on Tuesday. They now have a GBX 1,390 ($23.60) 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 Friday, June 13th. They now have a GBX 1,100 ($18.67) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Vedanta Resources plc in a research note on Friday, May 30th. They now have a GBX 1,100 ($18.67) price target on the stock. Three analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of GBX 1,083.52 ($18.39).
Shares of Vedanta Resources plc (LON:VED) opened at 1129.00 on Friday. Vedanta Resources plc has a 52 week low of GBX 748.00 and a 52 week high of GBX 1286.00. The stock has a 50-day moving average of GBX 1054. and a 200-day moving average of GBX 920.2. The company’s market cap is £3.015 billion.
The company also recently declared a dividend, which is scheduled for Friday, August 8th. Investors 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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