Vedanta Resources plc (VED) Receives Buy Rating from Goldman Sachs Group Inc.
A number of other equities research analysts have also recently commented on the company. Jefferies Group raised Vedanta Resources plc to a hold rating and increased their target price for the stock from GBX 500 ($6.25) to GBX 800 ($10.00) in a research note on Thursday, November 10th. Deutsche Bank AG reaffirmed a buy rating and set a GBX 670 ($8.37) price objective on shares of Vedanta Resources plc in a research report on Tuesday, October 11th. Credit Suisse Group AG reaffirmed an underperform rating and set a GBX 330 ($4.12) price objective 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 460 ($5.75) price objective on shares of Vedanta Resources plc in a research report on Monday, October 24th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average target price of GBX 476 ($5.95).
Vedanta Resources plc (LON:VED) traded up 3.13% on Wednesday, reaching GBX 810.00. The company’s stock had a trading volume of 1,128,223 shares. The stock’s market cap is GBX 2187.73 billion. Vedanta Resources plc has a one year low of GBX 195.16 and a one year high of GBX 904.50. The stock has a 50-day moving average of GBX 685.42 and a 200-day moving average of GBX 522.77.
The firm also recently announced a dividend, which will be paid on Thursday, December 15th. Investors 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 yield of 1.85%.
In other Vedanta Resources plc news, insider Tarun Jain sold 1,844 shares of the business’s stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of GBX 884 ($11.04), for a total transaction of £16,300.96 ($20,366.02). Also, insider Tom Albanese sold 7,906 shares of the business’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of GBX 763 ($9.53), for a total value of £60,322.78 ($75,365.79).
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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