Vedanta Resources plc (VED) Receives Average Rating of “Hold” from Analysts
Vedanta Resources plc (LON:VED) has been assigned an average rating of “Hold” from the nine analysts that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is GBX 746.11 ($9.64).
Several analysts recently commented on the company. Jefferies Group LLC raised their price objective on Vedanta Resources plc from GBX 575 ($7.43) to GBX 700 ($9.04) and gave the stock an “underperform” rating in a research note on Thursday, August 31st. Barclays PLC reaffirmed an “underweight” rating and set a GBX 600 ($7.75) price objective on shares of Vedanta Resources plc in a research note on Friday, July 14th. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a GBX 600 ($7.75) price objective on shares of Vedanta Resources plc in a research note on Wednesday, July 12th. Goldman Sachs Group, Inc. (The) dropped their price objective on Vedanta Resources plc from GBX 950 ($12.27) to GBX 925 ($11.95) and set a “buy” rating on the stock in a research note on Wednesday, July 5th. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a GBX 840 ($10.85) price objective on shares of Vedanta Resources plc in a research note on Monday, July 31st.
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Vedanta Resources plc (LON VED) opened at 863.00 on Tuesday. Vedanta Resources plc has a one year low of GBX 476.30 and a one year high of GBX 1,112.50. The stock’s market cap is GBX 2.40 billion. The stock’s 50 day moving average price is GBX 787.88 and its 200-day moving average price is GBX 733.83.
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.
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