Vedanta Resources plc (VED) Price Target Raised to GBX 670 at Deutsche Bank AG
Vedanta Resources plc (LON:VED) had its target price lifted by Deutsche Bank AG from GBX 630 ($8.22) to GBX 670 ($8.75) in a research report released on Wednesday morning. The firm currently has a buy rating on the stock.
A number of other research firms have also recently commented on VED. Goldman Sachs Group Inc. reaffirmed a neutral rating and set a GBX 425 ($5.55) target price on shares of Vedanta Resources plc in a research note on Tuesday, July 12th. Credit Suisse Group AG increased their price objective on Vedanta Resources plc from GBX 300 ($3.92) to GBX 330 ($4.31) and gave the stock an underperform rating in a research note on Monday, July 18th. Jefferies Group reissued an underperform rating on shares of Vedanta Resources plc in a research note on Friday, July 15th. Barclays PLC reissued 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, Canaccord Genuity reissued 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. Five equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of GBX 378.50 ($4.94).
Shares of Vedanta Resources plc (LON:VED) traded up 0.32% during trading on Wednesday, hitting GBX 619.50. The stock had a trading volume of 374,209 shares. The company’s market cap is GBX 1.71 billion. Vedanta Resources plc has a 12 month low of GBX 195.16 and a 12 month high of GBX 624.24. The stock has a 50 day moving average of GBX 533.93 and a 200 day moving average of GBX 451.78.
About Vedanta Resources plc
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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