Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) Now Covered by Analysts at Siebert Williams Shank

Siebert Williams Shank assumed coverage on shares of Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) in a research report released on Friday, Marketbeat.com reports. The firm issued a buy rating and a $23.00 price objective on the stock.

Other analysts have also recently issued reports about the stock. Stephens restated an “overweight” rating and set a $30.00 price target on shares of Market Vectors Indian Rupee/USD ETN in a research note on Friday, March 28th. Capital One Financial initiated coverage on shares of Market Vectors Indian Rupee/USD ETN in a research note on Wednesday, February 26th. They issued an “overweight” rating for the company. Royal Bank of Canada initiated coverage on Market Vectors Indian Rupee/USD ETN in a research report on Tuesday, February 25th. They set an “outperform” rating and a $30.00 target price on the stock. Citigroup cut their price target on Market Vectors Indian Rupee/USD ETN from $27.00 to $23.00 and set a “buy” rating for the company in a report on Friday, April 4th. Finally, KeyCorp reduced their price target on Market Vectors Indian Rupee/USD ETN from $26.00 to $24.00 and set an “overweight” rating for the company in a research report on Monday, April 21st. Eight equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $26.88.

Market Vectors Indian Rupee/USD ETN Stock Up 2.1%

NYSEARCA INR opened at $18.67 on Friday. Market Vectors Indian Rupee/USD ETN has a 52 week low of $13.64 and a 52 week high of $23.00. The firm’s 50-day simple moving average is $16.68 and its two-hundred day simple moving average is $24.31.

About Market Vectors Indian Rupee/USD ETN

International Consolidated Airlines Group, SA, together with its subsidiaries, engages in the provision of passenger and cargo transportation services in the United Kingdom, Spain, Ireland, the United States, and rest of the world. The company operates under the British Airways, Iberia, Vueling, Aer Lingus, and LEVEL brands.