Vedanta Resources plc (VED) Given New GBX 1,090 Price Target at Deutsche Bank AG
Vedanta Resources plc (LON:VED) had its price target hoisted by Deutsche Bank AG from GBX 1,030 ($12.72) to GBX 1,090 ($13.46) in a report released on Friday. The firm currently has a hold rating on the stock.
VED has been the topic of several other research reports. Jefferies Group LLC reaffirmed a hold rating and issued a GBX 950 ($11.73) target price on shares of Vedanta Resources plc in a report on Friday, January 6th. Goldman Sachs Group Inc reaffirmed a conviction-buy rating on shares of Vedanta Resources plc in a report on Monday, December 5th. Citigroup Inc reaffirmed a neutral rating and issued a GBX 1,090 ($13.46) target price on shares of Vedanta Resources plc in a report on Thursday. Credit Suisse Group AG lifted their target price on shares of Vedanta Resources plc from GBX 670 ($8.27) to GBX 750 ($9.26) and gave the company an underperform rating in a report on Wednesday, December 7th. Finally, Barclays PLC lifted their target price on shares of Vedanta Resources plc from GBX 460 ($5.68) to GBX 800 ($9.88) and gave the company an underweight rating in a report on Monday, January 9th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of GBX 786.43 ($9.71).
Vedanta Resources plc (LON:VED) traded down 2.27% during mid-day trading on Friday, reaching GBX 881.50. 510,933 shares of the company’s stock were exchanged. The stock’s market capitalization is GBX 2.44 billion. The firm’s 50-day moving average is GBX 965.58 and its 200 day moving average is GBX 813.13. Vedanta Resources plc has a 1-year low of GBX 302.63 and a 1-year high of GBX 1,112.50.
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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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