Vedanta Resources plc (LON:VED) insider Anil Agarwal sold 12,943 shares of Vedanta Resources plc stock in a transaction dated Friday, November 18th. The stock was sold at an average price of GBX 800 ($10.00), for a total transaction of £103,544 ($129,365.32).

Shares of Vedanta Resources plc (LON:VED) opened at 852.50 on Wednesday. The company’s 50 day moving average is GBX 711.78 and its 200 day moving average is GBX 534.60. Vedanta Resources plc has a one year low of GBX 195.16 and a one year high of GBX 904.50. The company’s market capitalization is GBX 2.35 billion.

The firm also recently disclosed 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 yield of 1.85%. The ex-dividend date is Thursday, November 17th.

VED has been the subject of several analyst reports. Barclays PLC reiterated an “underweight” rating and issued a GBX 460 ($5.75) price objective on shares of Vedanta Resources plc in a research note on Monday, October 24th. Credit Suisse Group AG upgraded shares of Vedanta Resources plc to a “neutral” rating and set a GBX 330 ($4.12) price objective for the company in a research note on Friday, October 14th. Jefferies Group lifted their price objective on shares of 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 issued a GBX 670 ($8.37) price objective 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 research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. Vedanta Resources plc currently has an average rating of “Hold” and a consensus price target of GBX 476 ($5.95).

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About Vedanta Resources plc

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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