Deutsche Bank Reiterates “Hold” Rating for Vedanta Resources plc (VED)
Vedanta Resources plc (LON:VED)‘s stock had its “hold” rating reiterated by Deutsche Bank in a research note issued on Wednesday. They currently have a GBX 1,185 ($20.18) price objective on the stock. Deutsche Bank’s price target indicates a potential upside of 6.18% from the company’s current price.
Shares of Vedanta Resources plc (LON:VED) opened at 1119.00 on Wednesday. Vedanta Resources plc has a 52-week low of GBX 748.00 and a 52-week high of GBX 1286.00. The stock’s 50-day moving average is GBX 1099.68 and its 200-day moving average is GBX 938.6. The company’s market cap is £2.989 billion.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Vedanta Resources plc in a research note on Monday. They now have a GBX 1,120 ($19.08) price target on the stock. Separately, analysts at RBC Capital reiterated a “sector perform” rating on shares of Vedanta Resources plc in a research note on Friday, June 27th. They now have a GBX 1,000 ($17.03) price target on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Vedanta Resources plc in a research note on Monday, June 23rd. They now have a GBX 1,150 ($19.59) price target on the stock. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of GBX 1,099.28 ($18.72).
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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