Analysts Set Vedanta Resources plc (LON:VED) PT at $346.11
Shares of Vedanta Resources plc (LON:VED) have earned a consensus rating of “Hold” from the eleven analysts that are presently covering the firm. Five equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is GBX 378.50 ($4.94).
Several research firms recently weighed in on VED. Deutsche Bank AG raised their price objective on Vedanta Resources plc from GBX 630 ($8.22) to GBX 670 ($8.75) and gave the company a “buy” rating in a research note on Wednesday. Credit Suisse Group AG reaffirmed an “underperform” rating and issued a GBX 330 ($4.31) price objective on shares of Vedanta Resources plc in a research note on Monday, August 1st. Canaccord Genuity reaffirmed a “hold” rating and issued a GBX 400 ($5.22) price objective on shares of Vedanta Resources plc in a research note on Monday, August 1st. Barclays PLC reaffirmed an “underweight” rating and issued a GBX 320 ($4.18) price objective on shares of Vedanta Resources plc in a research note on Tuesday, August 2nd. Finally, Jefferies Group reaffirmed an “underperform” rating on shares of Vedanta Resources plc in a research note on Friday, July 15th.
Vedanta Resources plc (LON:VED) opened at 617.50 on Monday. The company has a 50 day moving average price of GBX 533.93 and a 200-day moving average price of GBX 451.78. The company’s market capitalization is GBX 1.71 billion. Vedanta Resources plc has a 12-month low of GBX 195.16 and a 12-month high of GBX 623.50.
Vedanta Resources plc Company Profile
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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