Vedanta Resources plc (VED) Stock Rating Upgraded by Credit Suisse Group AG
Vedanta Resources plc (LON:VED) was upgraded by Credit Suisse Group AG to a “neutral” rating in a research report issued on Friday. The brokerage currently has a GBX 330 ($4.08) target price on the stock. Credit Suisse Group AG’s price target would suggest a potential downside of 46.30% from the stock’s current price.
Other equities research analysts have also issued reports about the company. Barclays PLC increased their price target 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. Jefferies Group increased their price target on Vedanta Resources plc from GBX 350 ($4.33) to GBX 400 ($4.95) and gave the stock an “underperform” rating in a research report on Tuesday, August 23rd. Deutsche Bank AG restated a “buy” rating and set a GBX 670 ($8.29) price target on shares of Vedanta Resources plc in a research report on Tuesday. Goldman Sachs Group Inc. restated a “neutral” rating and set a GBX 425 ($5.26) price target on shares of Vedanta Resources plc in a research report on Tuesday, July 12th. Finally, Canaccord Genuity restated a “hold” rating and set a GBX 400 ($4.95) price target 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 issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of GBX 378.50 ($4.68).
Shares of Vedanta Resources plc (LON:VED) opened at 632.00 on Friday. The stock’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 12 month low of GBX 195.16 and a 12 month high of GBX 641.00. The firm’s market capitalization is GBX 1.75 billion.
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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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