Tarun Jain Sells 1,844 Shares of Vedanta Resources plc (VED) Stock
Vedanta Resources plc (LON:VED) insider Tarun Jain sold 1,844 shares of the stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of GBX 884 ($10.95), for a total value of £16,300.96 ($20,191.95).
Vedanta Resources plc (LON:VED) opened at 865.00 on Friday. The company’s 50-day moving average price is GBX 658.15 and its 200-day moving average price is GBX 511.41. Vedanta Resources plc has a 52-week low of GBX 195.16 and a 52-week high of GBX 904.50. The company’s market cap is GBX 2.39 billion.
The firm also recently announced a dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, November 17th will be paid a dividend of GBX 16.08 ($0.20) per share. The ex-dividend date of this dividend is Thursday, November 17th. This represents a dividend yield of 1.85%.
VED has been the subject of several research analyst reports. Barclays PLC reiterated an “underweight” rating and issued a GBX 460 ($5.70) price objective on shares of Vedanta Resources plc in a report on Monday, October 24th. Credit Suisse Group AG upgraded Vedanta Resources plc to a “neutral” rating and set a GBX 330 ($4.09) price objective for the company in a report on Friday, October 14th. Jefferies Group increased their price objective on Vedanta Resources plc from GBX 350 ($4.34) to GBX 400 ($4.95) and gave the stock an “underperform” rating in a report on Tuesday, August 23rd. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 670 ($8.30) price objective on shares of Vedanta Resources plc in a report on Tuesday, October 11th. Finally, Canaccord Genuity reiterated a “hold” rating and issued a GBX 400 ($4.95) price objective on shares of Vedanta Resources plc in a report on Monday, August 1st. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. Vedanta Resources plc currently has a consensus rating of “Hold” and an average target price of GBX 441.50 ($5.47).
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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