Analysts’ Recent Ratings Changes for Vedanta Resources plc (VED)

Vedanta Resources plc (LON: VED) recently received a number of ratings updates from brokerages and research firms:

  • 10/14/2016 – Vedanta Resources plc was upgraded by analysts at Credit Suisse Group AG to a “neutral” rating. They now have a GBX 330 ($4.02) price target on the stock.
  • 10/14/2016 – Vedanta Resources plc had its price target raised by analysts at Jefferies Group from GBX 400 ($4.88) to GBX 500 ($6.09). They now have an “underperform” rating on the stock.
  • 10/11/2016 – Vedanta Resources plc had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a GBX 670 ($8.17) price target on the stock.
  • 10/5/2016 – Vedanta Resources plc had its price target raised by analysts at Deutsche Bank AG from GBX 630 ($7.68) to GBX 670 ($8.17). They now have a “buy” rating on the stock.
  • 9/21/2016 – Vedanta Resources plc had its price target raised by analysts at Barclays PLC from GBX 320 ($3.90) to GBX 460 ($5.61). They now have an “underweight” rating on the stock.
  • 9/7/2016 – Vedanta Resources plc had its “buy” rating reaffirmed by analysts at Deutsche Bank AG.
  • 8/23/2016 – Vedanta Resources plc had its price target raised by analysts at Jefferies Group from GBX 350 ($4.27) to GBX 400 ($4.88). They now have an “underperform” rating on the stock.

Vedanta Resources plc (LON:VED) traded up 2.04% during trading on Tuesday, hitting GBX 650.00. 881,187 shares of the stock traded hands. The company’s market cap is GBX 1.80 billion. Vedanta Resources plc has a 52-week low of GBX 195.16 and a 52-week high of GBX 663.60. The firm has a 50-day moving average price of GBX 558.16 and a 200 day moving average price of GBX 471.06.

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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