JPMorgan Chase Reiterates “Overweight” Rating for Vedanta Resources (VED)

JPMorgan Chase restated their overweight rating on shares of Vedanta Resources (LON:VED) in a research report released on Wednesday.

Several other analysts have also recently issued reports on VED. Barclays increased their target price on Vedanta Resources from GBX 750 ($10.53) to GBX 780 ($10.95) and gave the company an underweight rating in a research report on Monday, January 8th. Credit Suisse Group initiated coverage on Vedanta Resources in a research report on Monday, January 15th. They set an outperform rating and a GBX 1,160 ($16.28) target price on the stock. Finally, Goldman Sachs increased their target price on Vedanta Resources from GBX 940 ($13.19) to GBX 950 ($13.34) and gave the company a buy rating in a research report on Wednesday, March 14th. Two equities research analysts have rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Vedanta Resources currently has an average rating of Hold and a consensus price target of GBX 870 ($12.21).

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Shares of LON VED opened at GBX 688.60 ($9.67) on Wednesday. Vedanta Resources has a 12-month low of GBX 558.50 ($7.84) and a 12-month high of GBX 981.80 ($13.78).

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About Vedanta Resources

Vedanta Resources plc operates as a diversified natural resources company in India, Zambia, South Africa, Namibia, the United Arab Emirates, Ireland, Australia, and Liberia. It primarily produces zinc, lead, silver, copper, iron ore, and aluminum deposits. The company also explores for, extracts, and processes minerals, as well as oil and gas.

Analyst Recommendations for Vedanta Resources (LON:VED)

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