Vedanta Resources plc (VED) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Vedanta Resources plc (LON:VED) have earned a consensus rating of “Hold” from the nine brokerages that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is GBX 751.67 ($9.82).
A number of analysts have recently commented on VED shares. Goldman Sachs Group, Inc. (The) dropped their price objective on Vedanta Resources plc from GBX 950 ($12.41) to GBX 925 ($12.08) and set a “buy” rating for the company in a report on Wednesday, July 5th. Jefferies Group LLC restated a “hold” rating and set a GBX 850 ($11.10) price objective on shares of Vedanta Resources plc in a report on Monday, May 15th. Credit Suisse Group upgraded Vedanta Resources plc to a “neutral” rating and upped their price objective for the stock from GBX 750 ($9.79) to GBX 800 ($10.45) in a report on Thursday, March 30th. J P Morgan Chase & Co dropped their price objective on Vedanta Resources plc from GBX 850 ($11.10) to GBX 700 ($9.14) and set a “neutral” rating for the company in a report on Tuesday, May 2nd. Finally, Barclays PLC reaffirmed an “underweight” rating and set a GBX 600 ($7.83) price target on shares of Vedanta Resources plc in a research report on Friday, July 14th.
Vedanta Resources plc (VED) remained flat at GBX 710.50 on Monday. The company’s stock had a trading volume of 436,530 shares. Vedanta Resources plc has a 52-week low of GBX 476.30 and a 52-week high of GBX 1,112.50. The firm has a 50 day moving average price of GBX 649.95 and a 200-day moving average price of GBX 795.76. The firm’s market cap is GBX 1.98 billion.
The firm also recently declared a dividend, which will be paid on Wednesday, August 23rd. Investors of record on Thursday, July 20th will be given a dividend of GBX 26.92 ($0.35) per share. This represents a yield of 4.24%. This is a boost 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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