Vedanta Resources plc (VED) Receives Neutral Rating from J P Morgan Chase & Co
J P Morgan Chase & Co reaffirmed their neutral rating on shares of Vedanta Resources plc (LON:VED) in a research report report published on Monday morning. J P Morgan Chase & Co currently has a GBX 650 ($8.55) price target on the stock.
A number of other research firms have also issued reports on VED. Jefferies Group LLC increased their price target on shares of Vedanta Resources plc from GBX 575 ($7.56) to GBX 700 ($9.21) and gave the stock an underperform rating in a research report on Thursday, August 31st. Barclays PLC increased their price target on shares of Vedanta Resources plc from GBX 600 ($7.89) to GBX 750 ($9.86) and gave the stock an underweight rating in a research report on Tuesday, October 24th. Goldman Sachs Group, Inc. (The) reissued a buy rating and issued a GBX 925 ($12.17) price target on shares of Vedanta Resources plc in a research report on Monday, July 24th. Finally, Citigroup Inc. reissued a buy rating on shares of Vedanta Resources plc in a research report on Monday. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. Vedanta Resources plc currently has a consensus rating of Hold and a consensus target price of GBX 814.38 ($10.71).
Vedanta Resources plc (LON VED) traded down GBX 32 ($0.42) during midday trading on Monday, hitting GBX 780 ($10.26). 926,295 shares of the stock were exchanged, compared to its average volume of 693,013. Vedanta Resources plc has a 1-year low of GBX 558.50 ($7.35) and a 1-year high of GBX 1,112.50 ($14.63).
The firm also recently disclosed a dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 23rd will be given a dividend of GBX 18.31 ($0.24) per share. This represents a yield of 2.18%. The ex-dividend date is Thursday, November 23rd.
In related news, insider Tarun Jain sold 4,176 shares of the firm’s stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of GBX 813 ($10.69), for a total transaction of £33,950.88 ($44,654.58).
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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