Vedanta Resources plc (VED) Receives Average Rating of “Hold” from Analysts
Vedanta Resources plc (LON:VED) has earned a consensus rating of “Hold” from the seven brokerages that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is GBX 905 ($12.50).
Several equities analysts have recently commented on the company. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 650 ($8.98) price target on shares of Vedanta Resources in a research note on Monday, November 13th. Barclays reaffirmed an “underweight” rating on shares of Vedanta Resources in a research note on Thursday, November 2nd. Citigroup reaffirmed a “buy” rating on shares of Vedanta Resources in a research note on Monday, November 13th. Finally, Credit Suisse Group assumed coverage on Vedanta Resources in a research note on Monday, January 15th. They issued an “outperform” rating and a GBX 1,160 ($16.03) price target on the stock.
In other news, insider Anil Agarwal sold 60,904 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of GBX 769 ($10.62), for a total value of £468,351.76 ($647,073.45).
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Vedanta Resources 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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