Deutsche Bank AG Reiterates “Buy” Rating for Vedanta Resources plc (VED)
Vedanta Resources plc (LON:VED)‘s stock had its “buy” rating reiterated by research analysts at Deutsche Bank AG in a research report issued on Tuesday. They currently have a GBX 670 ($8.29) target price on the stock. Deutsche Bank AG’s price objective indicates a potential upside of 1.82% from the stock’s current price.
Other equities analysts also recently issued research reports about the stock. Canaccord Genuity restated a “hold” rating and set a GBX 400 ($4.95) price objective on shares of Vedanta Resources plc in a report on Monday, August 1st. Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a GBX 400 ($4.95) price target on shares of Vedanta Resources plc in a report on Tuesday, June 28th. Credit Suisse Group AG increased their price target on shares of Vedanta Resources plc from GBX 300 ($3.71) to GBX 330 ($4.08) and gave the stock an “underperform” rating in a report on Monday, July 18th. Jefferies Group reiterated an “underperform” rating on shares of Vedanta Resources plc in a report on Friday, July 15th. Finally, Barclays PLC increased their price target on shares of Vedanta Resources plc from GBX 320 ($3.96) to GBX 460 ($5.69) and gave the stock an “underweight” rating in a report on Wednesday, September 21st. Five investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Vedanta Resources plc presently has a consensus rating of “Hold” and an average price target of GBX 378.50 ($4.68).
Shares of Vedanta Resources plc (LON:VED) opened at 656.50 on Tuesday. The stock’s 50 day moving average is GBX 540.99 and its 200 day moving average is GBX 458.90. Vedanta Resources plc has a 52-week low of GBX 195.16 and a 52-week high of GBX 662.50. The company’s market cap is GBX 1.81 billion.
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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