Deutsche Bank AG Reiterates “Buy” Rating for Vedanta Resources plc (VED)
Vedanta Resources plc (LON:VED)‘s stock had its “buy” rating reaffirmed by research analysts at Deutsche Bank AG in a note issued to investors on Tuesday. They currently have a GBX 670 ($8.29) price target on the stock. Deutsche Bank AG’s price target would indicate a potential upside of 1.82% from the stock’s previous close.
Other research analysts have also issued research reports about the company. Jefferies Group reissued an “underperform” rating on shares of Vedanta Resources plc in a report on Friday, July 15th. Credit Suisse Group AG lifted their price target on Vedanta Resources plc from GBX 250 ($3.09) to GBX 300 ($3.71) and gave the company an “underperform” rating in a research note on Thursday, June 30th. Goldman Sachs Group Inc. restated a “neutral” rating and issued a GBX 400 ($4.95) price target on shares of Vedanta Resources plc in a research note on Tuesday, June 28th. Barclays PLC restated an “underweight” rating and issued a GBX 320 ($3.96) price target on shares of Vedanta Resources plc in a research note on Tuesday, August 2nd. Finally, Canaccord Genuity restated a “hold” rating and issued a GBX 400 ($4.95) 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 assigned a hold rating and two have assigned a buy rating to the stock. Vedanta Resources plc currently has an average rating of “Hold” and a consensus target price of GBX 378.50 ($4.68).
Shares of Vedanta Resources plc (LON:VED) opened at 656.50 on Tuesday. The firm has a 50 day moving average price of GBX 540.99 and a 200-day moving average price of GBX 458.90. The firm’s market capitalization is GBX 1.81 billion. Vedanta Resources plc has a 52 week low of GBX 195.16 and a 52 week high of GBX 662.50.
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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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