Vedanta Resources plc (VED) Price Target Increased to GBX 670 by Analysts at Deutsche Bank AG
Vedanta Resources plc (LON:VED) had its price objective lifted by equities researchers at Deutsche Bank AG from GBX 630 ($8.22) to GBX 670 ($8.75) in a report issued on Wednesday. The brokerage presently has a “buy” rating on the stock. Deutsche Bank AG’s price objective points to a potential upside of 6.01% from the stock’s previous close.
A number of other equities analysts also recently weighed in on VED. Canaccord Genuity reaffirmed a “hold” rating and issued a GBX 400 ($5.22) price target on shares of Vedanta Resources plc in a research note on Monday, August 1st. Barclays PLC reaffirmed an “underweight” rating and issued a GBX 320 ($4.18) price target on shares of Vedanta Resources plc in a research note on Tuesday, August 2nd. Jefferies Group upped their price target on shares of Vedanta Resources plc from GBX 350 ($4.57) to GBX 400 ($5.22) and gave the stock an “underperform” rating in a research note on Tuesday, August 23rd. Credit Suisse Group AG upped their price target on shares of Vedanta Resources plc from GBX 250 ($3.26) to GBX 300 ($3.92) and gave the stock an “underperform” rating in a research note on Thursday, June 30th. Finally, Goldman Sachs Group Inc. reaffirmed a “neutral” rating and issued a GBX 425 ($5.55) price target on shares of Vedanta Resources plc in a research note on Tuesday, July 12th. Five research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of GBX 378.50 ($4.94).
Vedanta Resources plc (LON:VED) traded up 2.85% on Wednesday, hitting GBX 632.00. The company had a trading volume of 667,302 shares. Vedanta Resources plc has a 12-month low of GBX 195.16 and a 12-month high of GBX 641.00. The stock’s market cap is GBX 1.75 billion. The firm’s 50 day moving average price is GBX 538.50 and its 200 day moving average price is GBX 454.18.
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Vedanta Resources plc Company Profile
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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