Vedanta Resources plc Given Buy Rating at Bank of America (VED)
Vedanta Resources plc (LON:VED)‘s stock had its “buy” rating restated by equities research analysts at Bank of America in a research note issued to investors on Monday. They currently have a GBX 1,250 ($21.03) target price on the stock. Bank of America’s price objective would indicate a potential upside of 16.82% from the company’s current price.
Shares of Vedanta Resources plc (LON:VED) traded down 0.37% during mid-day trading on Monday, hitting GBX 1070.00. 312,456 shares of the company’s stock traded hands. 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 1112.43 and its 200-day moving average is GBX 974.2. The company’s market cap is £2.932 billion.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank raised their price target on shares of Vedanta Resources plc from GBX 1,185 ($19.94) to GBX 1,250 ($21.03) in a research note on Thursday. They now have a “hold” rating on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Vedanta Resources plc from GBX 900 ($15.14) to GBX 1,200 ($20.19) in a research note on Thursday, July 24th. They now have a “hold” rating on the stock. Finally, analysts at Goldman Sachs reiterated a “neutral” rating on shares of Vedanta Resources plc in a research note on Thursday, July 17th. They now have a GBX 1,000 ($16.83) price target on the stock. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 1,128.13 ($18.98).
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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