Vedanta Resources plc (LON:VED) insider Anil Agarwal sold 60,904 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of GBX 769 ($10.11), for a total transaction of £468,351.76 ($616,009.15).

Vedanta Resources plc (LON:VED) opened at GBX 798 ($10.50) on Thursday. 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 announced a dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 23rd will be paid a dividend of GBX 18.31 ($0.24) per share. This represents a yield of 2.18%. The ex-dividend date of this dividend is Thursday, November 23rd.

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Several research firms have commented on VED. Barclays PLC upped their target price 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. J P Morgan Chase & Co increased their price objective on shares of Vedanta Resources plc from GBX 600 ($7.89) to GBX 650 ($8.55) and gave the company a “neutral” rating in a report on Wednesday, October 11th. Jefferies Group LLC increased their price objective on shares of Vedanta Resources plc from GBX 575 ($7.56) to GBX 700 ($9.21) and gave the company an “underperform” rating in a report on Thursday, August 31st. Finally, Citigroup Inc. reiterated a “buy” rating on shares of Vedanta Resources plc in a report on Monday, November 13th. Two investment 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. The company has a consensus rating of “Hold” and an average price target of GBX 814.38 ($10.71).

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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