Vedanta Resources plc (VED) Receives Average Recommendation of “Hold” from Brokerages
Vedanta Resources plc (LON:VED) has earned a consensus recommendation of “Hold” from the eleven brokerages that are covering the stock. Three analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is GBX 441.50 ($5.47).
VED has been the subject of several research analyst reports. Jefferies Group reissued an “underperform” rating on shares of Vedanta Resources plc in a research note on Friday, July 15th. Credit Suisse Group AG boosted their target price on Vedanta Resources plc from GBX 300 ($3.72) to GBX 330 ($4.09) and gave the stock an “underperform” rating in a research note on Monday, July 18th. Canaccord Genuity reissued a “hold” rating and set a GBX 400 ($4.95) target price on shares of Vedanta Resources plc in a research note on Monday, August 1st. Barclays PLC reissued an “underweight” rating and set a GBX 320 ($3.96) target price on shares of Vedanta Resources plc in a research note on Tuesday, August 2nd. Finally, Deutsche Bank AG boosted their target price on Vedanta Resources plc from GBX 615 ($7.62) to GBX 630 ($7.80) and gave the stock a “buy” rating in a research note on Tuesday, August 2nd.
Shares of Vedanta Resources plc (LON:VED) opened at 821.50 on Monday. Vedanta Resources plc has a 12 month low of GBX 195.16 and a 12 month high of GBX 904.50. The firm’s market capitalization is GBX 2.27 billion. The company has a 50 day moving average of GBX 666.35 and a 200-day moving average of GBX 513.54.
The firm also recently declared a dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, November 17th will be issued a dividend of GBX 16.08 ($0.20) per share. This represents a dividend yield of 1.85%. The ex-dividend date is Thursday, November 17th.
In other Vedanta Resources plc news, 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 transaction of £16,300.96 ($20,191.95).
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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