Barclays PLC reiterated their underweight rating on shares of Vedanta Resources plc (LON:VED) in a research note released on Friday morning. Barclays PLC currently has a GBX 600 ($7.83) target price on the stock.
VED has been the subject of several other reports. Goldman Sachs Group, Inc. (The) reaffirmed a conviction-buy rating on shares of Vedanta Resources plc in a report on Thursday, April 6th. Citigroup Inc. reaffirmed a neutral rating and issued a GBX 1,090 ($14.23) target price on shares of Vedanta Resources plc in a report on Thursday, March 16th. Deutsche Bank AG upped their target price on Vedanta Resources plc from GBX 1,030 ($13.45) to GBX 1,090 ($14.23) and gave the company a hold rating in a report on Friday, March 17th. Jefferies Group LLC reaffirmed a hold rating and issued a GBX 850 ($11.10) target price on shares of Vedanta Resources plc in a report on Monday, May 15th. Finally, Credit Suisse Group raised Vedanta Resources plc to a neutral rating and upped their target price for the company from GBX 750 ($9.79) to GBX 800 ($10.45) in a report on Thursday, March 30th. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. Vedanta Resources plc currently has a consensus rating of Hold and a consensus target price of GBX 751.67 ($9.82).
Vedanta Resources plc (LON VED) traded up 3.42% on Friday, reaching GBX 756.50. The company’s stock had a trading volume of 825,884 shares. Vedanta Resources plc has a 52-week low of GBX 476.30 and a 52-week high of GBX 1,112.50. The firm’s 50-day moving average price is GBX 615.82 and its 200 day moving average price is GBX 815.52. The company’s market cap is GBX 2.10 billion.
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The company also recently disclosed a dividend, which will be paid on Wednesday, August 23rd. Shareholders of record on Thursday, July 20th will be issued a dividend of GBX 26.92 ($0.35) per share. This represents a yield of 4.24%. This is a positive change from Vedanta Resources plc’s previous dividend of $16.08. The ex-dividend date is Thursday, July 20th.
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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