Vedanta Resources plc (LON:VED) had its target price increased by analysts at Deutsche Bank AG from GBX 1,030 ($12.72) to GBX 1,090 ($13.46) in a note issued to investors on Friday. The firm currently has a “hold” rating on the stock. Deutsche Bank AG’s target price indicates a potential upside of 23.65% from the company’s previous close.
Several other research analysts also recently weighed in on VED. Jefferies Group LLC lifted their target price on Vedanta Resources plc from GBX 800 ($9.88) to GBX 950 ($11.73) and gave the company a “hold” rating in a research note on Tuesday, December 20th. Credit Suisse Group AG reiterated an “underperform” rating and issued a GBX 750 ($9.26) target price on shares of Vedanta Resources plc in a research note on Monday, February 6th. Citigroup Inc reiterated a “neutral” rating and issued a GBX 1,090 ($13.46) target price on shares of Vedanta Resources plc in a research note on Thursday, March 16th. Goldman Sachs Group Inc reiterated a “buy” rating on shares of Vedanta Resources plc in a research note on Thursday, January 19th. Finally, Barclays PLC lifted their target price on Vedanta Resources plc from GBX 460 ($5.68) to GBX 800 ($9.88) and gave the company an “underweight” rating in a research note on Monday, January 9th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of GBX 786.43 ($9.71).
Vedanta Resources plc (LON:VED) opened at 881.50 on Friday. Vedanta Resources plc has a 1-year low of GBX 303.40 and a 1-year high of GBX 1,112.50. The company has a 50-day moving average price of GBX 959.00 and a 200 day moving average price of GBX 819.96. The firm’s market capitalization is GBX 2.44 billion.
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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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