Vedanta Resources plc (VDNRF) Stock Rating Upgraded by Zacks Investment Research
Vedanta Resources plc (NASDAQ:VDNRF) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Thursday. The brokerage currently has a $12.00 target price on the stock. Zacks Investment Research‘s price target suggests a potential upside of 2.56% from the stock’s previous close.
According to Zacks, “Vedanta Resources plc is engaged in exploring, extracting and processing minerals, and oil and gas. It produces zinc, lead, silver, copper, aluminum, iron ore, oil and gas and commercial power. The company operates primarily in India, Zambia, Namibia, South Africa, Liberia, Ireland, Australia and the United Arab Emirates. Vedanta Resources plc is headquartered in London, the United Kingdom. “
Vedanta Resources plc (NASDAQ VDNRF) traded down 0.85% during mid-day trading on Thursday, reaching $11.60. 100 shares of the company’s stock traded hands. Vedanta Resources plc has a 12-month low of $6.45 and a 12-month high of $13.58. The stock has a 50-day moving average price of $9.98 and a 200-day moving average price of $9.27. The stock’s market capitalization is $3.23 billion.
COPYRIGHT VIOLATION NOTICE: This story was originally reported by American Banking News and is the sole property of of American Banking News. If you are reading this story on another publication, it was stolen and republished in violation of United States & international trademark & copyright laws. The correct version of this story can be accessed at https://www.americanbankingnews.com/2017/09/07/vedanta-resources-plc-vdnrf-stock-rating-upgraded-by-zacks-investment-research.html.
About Vedanta Resources plc
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.