Vedanta Resources plc (VED) Price Target Raised to GBX 500
Vedanta Resources plc (LON:VED) had its target price raised by Jefferies Group from GBX 400 ($4.95) to GBX 500 ($6.19) in a research report issued to clients and investors on Friday. The firm currently has an “underperform” rating on the stock. Jefferies Group’s price objective points to a potential downside of 18.63% from the company’s current price.
A number of other equities analysts have also commented on VED. Deutsche Bank AG reissued a “hold” rating on shares of Vedanta Resources plc in a research report on Thursday, June 16th. Credit Suisse Group AG raised shares of Vedanta Resources plc to a “neutral” rating and set a GBX 330 ($4.08) price target on the stock in a research report on Friday. Canaccord Genuity reissued a “hold” rating and issued a GBX 400 ($4.95) price target on shares of Vedanta Resources plc in a research report on Monday, August 1st. Finally, Barclays PLC reaffirmed an “underweight” rating and set a GBX 320 ($3.96) target price on shares of Vedanta Resources plc in a research report on Tuesday, August 2nd. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of GBX 388.50 ($4.81).
Shares of Vedanta Resources plc (LON:VED) opened at 641.00 on Friday. The firm’s market cap is GBX 1.77 billion. The company has a 50 day moving average of GBX 549.06 and a 200-day moving average of GBX 463.55. Vedanta Resources plc has a 12-month low of GBX 195.16 and a 12-month high of GBX 641.59.
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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