Vedanta Resources plc (VED) Insider Tom Albanese Sells 7,906 Shares of Stock
Vedanta Resources plc (LON:VED) insider Tom Albanese sold 7,906 shares of the company’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of GBX 763 ($9.53), for a total transaction of £60,322.78 ($75,365.79).
Shares of Vedanta Resources plc (LON:VED) opened at 801.50 on Thursday. Vedanta Resources plc has a 1-year low of GBX 195.16 and a 1-year high of GBX 904.50. The stock’s market cap is GBX 2164.77 billion. The company’s 50-day moving average is GBX 685.42 and its 200-day moving average is GBX 522.77.
The company also recently disclosed 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 is Thursday, November 17th. This represents a dividend yield of 1.85%.
A number of equities analysts have weighed in on the stock. Credit Suisse Group AG lowered shares of Vedanta Resources plc to an “underperform” rating and upped their price target for the stock from GBX 600 ($7.50) to GBX 670 ($8.37) in a research report on Tuesday. Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Vedanta Resources plc in a research report on Wednesday. Deutsche Bank AG upped their price target on shares of Vedanta Resources plc from GBX 900 ($11.24) to GBX 905 ($11.31) and gave the stock a “hold” rating in a research report on Thursday. Jefferies Group upgraded shares of Vedanta Resources plc to a “hold” rating and upped their price target for the stock from GBX 500 ($6.25) to GBX 800 ($10.00) in a research report on Thursday, November 10th. Finally, Barclays PLC reiterated an “underweight” rating and issued a GBX 460 ($5.75) price target on shares of Vedanta Resources plc in a research report on Thursday, November 10th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of GBX 476 ($5.95).
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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