Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) Stock Price Expected to Rise, Roth Capital Analyst Says

Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) had its price objective raised by stock analysts at Roth Capital from $17.00 to $18.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Roth Capital’s target price points to a potential upside of 21.21% from the stock’s current price.

Several other analysts also recently issued reports on the stock. Raymond James Financial reissued a “strong-buy” rating and set a $23.00 target price (down from $29.00) on shares of Market Vectors Indian Rupee/USD ETN in a research note on Monday, September 15th. Citigroup dropped their price target on Market Vectors Indian Rupee/USD ETN from $21.00 to $18.00 and set a “buy” rating on the stock in a research report on Monday, September 29th. Finally, KeyCorp dropped their target price on Market Vectors Indian Rupee/USD ETN from $22.00 to $19.00 and set an “overweight” rating on the stock in a report on Wednesday, November 12th.

Market Vectors Indian Rupee/USD ETN Stock Down 0.7%

NYSEARCA:INR opened at $14.85 on Tuesday. The stock has a fifty day simple moving average of $12.77 and a 200 day simple moving average of $14.44. The firm has a market capitalization of $904.04 million and a price-to-earnings ratio of -33.75. Market Vectors Indian Rupee/USD ETN has a 1-year low of $11.13 and a 1-year high of $23.00.

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.