Navin Agarwal Sells 5,400 Shares of Vedanta Resources plc (VED) Stock
Vedanta Resources plc (LON:VED) insider Navin Agarwal sold 5,400 shares of the firm’s stock in a transaction on Thursday, November 17th. The shares were sold at an average price of GBX 811 ($10.13), for a total value of £43,794 ($54,715.14).
Shares of Vedanta Resources plc (LON:VED) opened at 803.50 on Tuesday. The firm has a 50 day moving average price of GBX 707.88 and a 200 day moving average price of GBX 531.34. The stock’s market cap is GBX 2.22 billion. Vedanta Resources plc has a 12-month low of GBX 195.16 and a 12-month high of GBX 904.50.
The company also recently disclosed a dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, November 17th will be given a dividend of GBX 16.08 ($0.20) per share. This represents a yield of 1.85%. The ex-dividend date of this dividend is Thursday, November 17th.
Several equities research analysts have recently issued reports on VED shares. Barclays PLC reaffirmed an “underweight” rating and set a GBX 460 ($5.75) target price on shares of Vedanta Resources plc in a research report on Monday, October 24th. Credit Suisse Group AG upgraded Vedanta Resources plc to a “neutral” rating and set a GBX 330 ($4.12) price target for the company in a research note on Friday, October 14th. Jefferies Group increased their price target on Vedanta Resources plc from GBX 350 ($4.37) to GBX 400 ($5.00) and gave the stock an “underperform” rating in a research note on Tuesday, August 23rd. Deutsche Bank AG reiterated a “buy” rating and set a GBX 670 ($8.37) price target on shares of Vedanta Resources plc in a research note on Tuesday, October 11th. Finally, Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Vedanta Resources plc in a research note on Wednesday, November 16th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of GBX 476 ($5.95).
Vedanta Resources plc Company Profile
Vedanta Resources plc is a natural resources company, which is engaged in exploring, extracting and processing minerals, and oil and gas. The Company produces zinc, lead, silver, copper, aluminum, iron ore, oil and gas, and commercial power. Its operations are located in India, Zambia, Namibia, South Africa, Liberia, Ireland, Australia and the United Arab Emirates.
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