Vedanta Resources plc Given Neutral Rating at Citigroup Inc. (VED)
Vedanta Resources plc (LON:VED)‘s stock had its “neutral” rating reaffirmed by analysts at Citigroup Inc. in a research report issued to clients and investors on Monday. They currently have a GBX 1,080 ($18.52) price target on the stock. Citigroup Inc.’s price objective points to a potential downside of 5.51% from the company’s current price.
A number of other analysts have also recently weighed in on VED. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Vedanta Resources plc in a research note on Wednesday, July 2nd. They now have a GBX 1,185 ($20.33) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Vedanta Resources plc in a research note on Monday, June 30th. They now have a GBX 1,120 ($19.21) price target on the stock. Finally, 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 ($17.15) price target on the stock. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. Vedanta Resources plc currently has a consensus rating of “Hold” and an average price target of GBX 1,111.59 ($19.07).
Shares of Vedanta Resources plc (LON:VED) traded down 0.96% during mid-day trading on Monday, hitting GBX 1132.00. 326,058 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 1116.81 and a 200-day moving average of GBX 947.1. The company’s market cap is £3.101 billion.
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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