Vedanta Resources plc Receives Average Rating of “Hold” from Analysts (LON:VED)
Shares of Vedanta Resources plc (LON:VED) have been given an average rating of “Hold” by the sixteen ratings firms that are currently covering the stock, AmericanBankingNews.com reports. Three investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is GBX 1,083.52 ($18.44).
Shares of Vedanta Resources plc (LON:VED) opened at 1155.00 on Tuesday. Vedanta Resources plc has a 1-year low of GBX 748.00 and a 1-year high of GBX 1286.00. The stock’s 50-day moving average is GBX 1068.56 and its 200-day moving average is GBX 925.3. The company’s market cap is £3.085 billion.
The company also recently declared a dividend, which is scheduled for Friday, August 8th. Stockholders 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.
Several analysts have recently commented on the stock. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Vedanta Resources plc in a research note on Monday. They now have a GBX 1,150 ($19.57) price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Vedanta Resources plc from GBX 880 ($14.98) to GBX 900 ($15.32) in a research note on Friday. They now have a “hold” rating on the stock. Finally, analysts at Societe Generale reiterated a “buy” rating on shares of Vedanta Resources plc in a research note on Tuesday, June 17th. They now have a GBX 1,390 ($23.66) price target on the stock.
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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