Vedanta Resources plc (LON:VED) had its price objective raised by Deutsche Bank AG from GBX 630 ($7.80) to GBX 670 ($8.29) in a research note released on Wednesday morning. Deutsche Bank AG currently has a buy rating on the stock.
VED has been the topic of several other research reports. Credit Suisse Group AG boosted their target price on shares of Vedanta Resources plc from GBX 250 ($3.09) to GBX 300 ($3.71) and gave the stock an underperform rating in a report on Thursday, June 30th. Goldman Sachs Group Inc. reissued a neutral rating and issued a GBX 400 ($4.95) target price on shares of Vedanta Resources plc in a report on Tuesday, June 28th. Canaccord Genuity reissued a hold rating and issued a GBX 400 ($4.95) target price on shares of Vedanta Resources plc in a report on Monday, August 1st. Barclays PLC boosted their target price on shares of Vedanta Resources plc from GBX 320 ($3.96) to GBX 460 ($5.69) and gave the stock an underweight rating in a report on Wednesday, September 21st. Finally, Jefferies Group boosted their target price on shares of Vedanta Resources plc from GBX 200 ($2.48) to GBX 350 ($4.33) and gave the stock an underperform rating in a report on Thursday, July 7th. Five analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of Hold and an average target price of GBX 378.50 ($4.68).
Shares of Vedanta Resources plc (LON:VED) opened at 657.947327 on Wednesday. The company’s market cap is GBX 1776.74 billion. The firm has a 50-day moving average of GBX 540.99 and a 200-day moving average of GBX 458.90. Vedanta Resources plc has a one year low of GBX 195.16 and a one year high of GBX 663.60.
About Vedanta Resources plc
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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