Vedanta Resources plc Earns “Hold” Rating from Jefferies Group (VED)
Vedanta Resources plc (LON:VED)‘s stock had its “hold” rating reiterated by research analysts at Jefferies Group in a report released on Friday. They currently have a GBX 1,200 ($19.86) price objective on the stock. Jefferies Group’s price target would indicate a potential upside of 22.14% from the company’s current price.
Vedanta Resources plc (LON:VED) traded up 2.70% during mid-day trading on Friday, hitting GBX 1009.00. The stock had a trading volume of 217,821 shares. Vedanta Resources plc has a 1-year low of GBX 748.00 and a 1-year high of GBX 1212.00. The stock’s 50-day moving average is GBX 1061. and its 200-day moving average is GBX 996.7. The company’s market cap is £2.764 billion.
Several other analysts have also recently commented on the stock. Analysts at Bank of America reiterated a “buy” rating on shares of Vedanta Resources plc in a research note on Monday, August 4th. They now have a GBX 1,250 ($20.69) price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Vedanta Resources plc from GBX 1,185 ($19.61) to GBX 1,250 ($20.69) 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 ($16.55) price target on the stock. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of GBX 1,128.13 ($18.67).
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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