Vedanta Resources plc (VED) Price Target Raised to GBX 500
Vedanta Resources plc (LON:VED) had its price target boosted by Jefferies Group from GBX 400 ($4.95) to GBX 500 ($6.19) in a report issued on Friday. The firm presently has an “underperform” rating on the stock. Jefferies Group’s price target would indicate a potential downside of 18.63% from the stock’s current price.
VED has been the topic of several other research reports. Barclays PLC increased their price objective on Vedanta Resources plc from GBX 320 ($3.96) to GBX 460 ($5.69) and gave the stock an “underweight” rating in a research report on Wednesday, September 21st. Deutsche Bank AG reiterated a “buy” rating and set a GBX 670 ($8.29) price objective on shares of Vedanta Resources plc in a research report on Tuesday. Credit Suisse Group AG reiterated an “underperform” rating and set a GBX 330 ($4.08) price objective on shares of Vedanta Resources plc in a research report on Monday, August 1st. Goldman Sachs Group Inc. reiterated a “neutral” rating and set a GBX 425 ($5.26) price objective on shares of Vedanta Resources plc in a research report on Tuesday, July 12th. Finally, Canaccord Genuity reiterated a “hold” rating and set a GBX 400 ($4.95) price objective on shares of Vedanta Resources plc in a research report on Monday, August 1st. Four analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of GBX 388.50 ($4.81).
Shares of Vedanta Resources plc (LON:VED) opened at 641.00 on Friday. The firm’s 50-day moving average price is GBX 549.06 and its 200 day moving average price is GBX 463.55. Vedanta Resources plc has a one year low of GBX 195.16 and a one year high of GBX 641.59. The company’s market capitalization is GBX 1.77 billion.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/14/vedanta-resources-plc-ved-price-target-raised-to-gbx-500.html
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.
Receive News & Ratings for Vedanta Resources plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vedanta Resources plc and related companies with MarketBeat.com's FREE daily email newsletter.