Vedanta Resources plc (VED) Price Target Raised to GBX 460 at Barclays PLC
Vedanta Resources plc (LON:VED) had its target price raised by Barclays PLC from GBX 320 ($4.18) to GBX 460 ($6.00) in a report released on Wednesday. The brokerage currently has an “underweight” rating on the stock. Barclays PLC’s target price indicates a potential downside of 9.63% from the company’s current price.
Other equities analysts have also recently issued reports about the stock. Jefferies Group reaffirmed an “underperform” rating on shares of Vedanta Resources plc in a research note on Friday, July 15th. Deutsche Bank AG upped their price target on shares of Vedanta Resources plc from GBX 615 ($8.03) to GBX 630 ($8.22) and gave the stock a “buy” rating in a research note on Tuesday, August 2nd. Credit Suisse Group AG reaffirmed an “underperform” rating and set a GBX 250 ($3.26) price target on shares of Vedanta Resources plc in a research note on Friday, May 27th. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a GBX 400 ($5.22) price target on shares of Vedanta Resources plc in a research note on Tuesday, June 28th. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a GBX 400 ($5.22) price target on shares of Vedanta Resources plc in a research note on Monday, August 1st. Five equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Vedanta Resources plc presently has a consensus rating of “Hold” and an average price target of GBX 374.50 ($4.89).
Shares of Vedanta Resources plc (LON:VED) opened at 515.00 on Wednesday. The company’s 50-day moving average is GBX 523.71 and its 200 day moving average is GBX 433.28. The firm’s market capitalization is GBX 1.42 billion. Vedanta Resources plc has a 52-week low of GBX 195.16 and a 52-week high of GBX 617.50.
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About Vedanta Resources plc
Vedanta Resources plc is a diversified natural resources company. The Company is engaged in exploring, extracting and processing minerals and oil and gas. The Company’s segments include Zinc-India, Zinc-International, Oil & Gas, Iron Ore, Copper-India/Australia, Copper-Zambia, Aluminum and Power. The Company produces zinc, lead, silver, copper, aluminum, iron ore, oil and gas and commercial power and has presence across India, Zambia, South Africa, Namibia, Ireland, Australia, Liberia, United Arab Emirates and Sri Lanka.
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