Vedanta Resources plc (VED) Given Consensus Rating of “Hold” by Analysts
Shares of Vedanta Resources plc (LON:VED) have earned a consensus rating of “Hold” from the eight research firms that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is GBX 760 ($9.67).
VED has been the topic of several analyst reports. Goldman Sachs Group, Inc. (The) lowered Vedanta Resources plc to a “buy” rating and set a GBX 950 ($12.08) target price on the stock. in a research report on Tuesday, April 25th. J P Morgan Chase & Co dropped their target price on Vedanta Resources plc from GBX 850 ($10.81) to GBX 700 ($8.90) and set a “neutral” rating on the stock in a research report on Tuesday, May 2nd. Barclays PLC reaffirmed an “underweight” rating and issued a GBX 600 ($7.63) target price on shares of Vedanta Resources plc in a research report on Wednesday, May 3rd. Jefferies Group LLC dropped their target price on Vedanta Resources plc from GBX 950 ($12.08) to GBX 850 ($10.81) and set a “hold” rating on the stock in a research report on Tuesday, April 18th. Finally, Credit Suisse Group raised Vedanta Resources plc to a “neutral” rating and increased their target price for the stock from GBX 750 ($9.54) to GBX 800 ($10.18) in a research report on Thursday, March 30th.
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Vedanta Resources plc (LON VED) traded up 4.50% during trading on Tuesday, reaching GBX 616.00. 1,220,088 shares of the company were exchanged. The firm’s 50 day moving average is GBX 616.45 and its 200 day moving average is GBX 829.17. Vedanta Resources plc has a 52-week low of GBX 381.00 and a 52-week high of GBX 1,112.50. The stock’s market capitalization is GBX 1.71 billion.
The firm also recently declared a dividend, which will be paid on Wednesday, August 23rd. Stockholders of record on Thursday, July 20th will be issued a dividend of GBX 26.92 ($0.34) per share. This represents a dividend yield of 4.24%. This is a positive change from Vedanta Resources plc’s previous dividend of $16.08. The ex-dividend date of this dividend is Thursday, July 20th.
Vedanta Resources plc Company Profile
Vedanta Resources plc is a natural resources company, which is engaged in exploring, extracting and processing minerals, and oil and gas. The Company produces zinc, lead, silver, copper, aluminum, iron ore, oil and gas, and commercial power. Its operations are located in India, Zambia, Namibia, South Africa, Liberia, Ireland, Australia and the United Arab Emirates.
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