Vedanta Resources plc Given “Hold” Rating at Jefferies Group (VED)
Vedanta Resources plc (LON:VED)‘s stock had its “hold” rating reaffirmed by stock analysts at Jefferies Group in a report issued on Thursday. They currently have a GBX 1,200 ($20.19) price objective on the stock. Jefferies Group’s price target would indicate a potential upside of 13.85% from the company’s current price.
A number of other analysts have also recently weighed in on VED. Analysts at Bank of America reiterated a “buy” rating on shares of Vedanta Resources plc in a research note on Monday. They now have a GBX 1,250 ($21.03) price target on the stock. Separately, 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, July 31st. 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 research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of GBX 1,128.13 ($18.98).
Vedanta Resources plc (LON:VED) traded down 2.66% during mid-day trading on Thursday, hitting GBX 1026.00. The stock had a trading volume of 319,139 shares. Vedanta Resources plc has a one year low of GBX 748.00 and a one year high of GBX 1286.00. The stock’s 50-day moving average is GBX 1105. and its 200-day moving average is GBX 979.3. The company’s market cap is £2.811 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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