Shares of Vedanta Resources plc (LON:VED) have been assigned an average recommendation of “Hold” from the eleven research firms that are covering the firm. Five research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is GBX 378.50 ($4.94).
A number of brokerages recently issued reports on VED. Deutsche Bank AG restated a “hold” rating on shares of Vedanta Resources plc in a research report on Thursday, June 16th. Credit Suisse Group AG raised their price target on Vedanta Resources plc from GBX 250 ($3.26) to GBX 300 ($3.92) and gave the stock an “underperform” rating in a research report on Thursday, June 30th. Canaccord Genuity restated a “hold” rating and issued a GBX 400 ($5.22) price target on shares of Vedanta Resources plc in a research report on Monday, August 1st. Goldman Sachs Group Inc. reiterated a “neutral” rating and set a GBX 400 ($5.22) target price on shares of Vedanta Resources plc in a research report on Tuesday, June 28th. Finally, Barclays PLC lifted their target price on Vedanta Resources plc from GBX 320 ($4.18) to GBX 460 ($6.00) and gave the stock an “underweight” rating in a research report on Wednesday, September 21st.
Shares of Vedanta Resources plc (LON:VED) opened at 632.00 on Monday. The stock has a 50 day moving average of GBX 538.50 and a 200-day moving average of GBX 454.18. The stock’s market capitalization is GBX 1.75 billion. Vedanta Resources plc has a 52-week low of GBX 195.16 and a 52-week high of GBX 641.00.
Vedanta Resources plc Company Profile
Vedanta Resources plc is a diversified natural resources company. The Company is engaged in exploring, extracting and processing minerals and oil and gas. The Company’s segments include Zinc-India, Zinc-International, Oil & Gas, Iron Ore, Copper-India/Australia, Copper-Zambia, Aluminum and Power. The Company produces zinc, lead, silver, copper, aluminum, iron ore, oil and gas and commercial power and has presence across India, Zambia, South Africa, Namibia, Ireland, Australia, Liberia, United Arab Emirates and Sri Lanka.
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