Vedanta Resources plc (VED) Upgraded to Neutral by Credit Suisse Group AG
Credit Suisse Group AG upgraded shares of Vedanta Resources plc (LON:VED) to a neutral rating in a research report report published on Friday. They currently have GBX 330 ($4.08) price objective on the stock.
Other equities analysts also recently issued reports about the stock. Deutsche Bank AG restated a buy rating on shares of Vedanta Resources plc in a research note on Tuesday, August 9th. Canaccord Genuity restated a hold rating and issued a GBX 400 ($4.95) target price on shares of Vedanta Resources plc in a research note on Monday, August 1st. Finally, Goldman Sachs Group Inc. restated a neutral rating and issued a GBX 400 ($4.95) target price on shares of Vedanta Resources plc in a research note on Tuesday, June 28th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. Vedanta Resources plc presently has an average rating of Hold and a consensus price target of GBX 388.50 ($4.81).
Vedanta Resources plc (LON:VED) traded up 0.94% during midday trading on Friday, reaching GBX 641.00. 372,840 shares of the company’s stock were exchanged. Vedanta Resources plc has a 12-month low of GBX 195.16 and a 12-month high of GBX 663.60. The stock’s 50-day moving average is GBX 551.79 and its 200-day moving average is GBX 464.73. The stock’s market capitalization is GBX 1.77 billion.
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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