Vedanta Resources plc Upgraded by Deutsche Bank to Buy (VED)
Vedanta Resources plc (LON:VED) was upgraded by Deutsche Bank to a “buy” rating in a research note issued on Wednesday. The firm currently has a GBX 1,250 ($20.74) price target on the stock. Deutsche Bank’s price objective points to a potential upside of 17.92% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group reiterated a “hold” rating on shares of Vedanta Resources plc in a research note on Friday, August 29th. They now have a GBX 1,200 ($19.91) price target on the stock. Finally, 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 ($20.74) price target on the stock. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. Vedanta Resources plc presently has a consensus rating of “Hold” and a consensus target price of GBX 1,128.13 ($18.72).
Shares of Vedanta Resources plc (LON:VED) traded up 2.08% on Wednesday, hitting GBX 1082.00. The stock had a trading volume of 447,301 shares. Vedanta Resources plc has a 52-week low of GBX 748.00 and a 52-week high of GBX 1208.00. The stock’s 50-day moving average is GBX 1055. and its 200-day moving average is GBX 1000.. The company’s market cap is £2.964 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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