Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) Price Target Lowered to $24.00 at KeyCorp

Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) had its price target decreased by analysts at KeyCorp from $26.00 to $24.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. KeyCorp’s price objective would suggest a potential upside of 53.94% from the stock’s previous close.

A number of other brokerages have also commented on INR. Truist Financial began coverage on Market Vectors Indian Rupee/USD ETN in a research report on Friday, February 28th. They issued a “buy” rating and a $26.00 target price for the company. Capital One Financial initiated coverage on shares of Market Vectors Indian Rupee/USD ETN in a research note on Wednesday, February 26th. They set an “overweight” rating for the company. Royal Bank of Canada started coverage on shares of Market Vectors Indian Rupee/USD ETN in a report on Tuesday, February 25th. They set an “outperform” rating and a $30.00 price objective for the company. Citigroup dropped their price target on shares of Market Vectors Indian Rupee/USD ETN from $27.00 to $23.00 and set a “buy” rating on the stock in a research report on Friday, April 4th. Finally, Bank of America began coverage on Market Vectors Indian Rupee/USD ETN in a research note on Tuesday, February 25th. They issued a “buy” rating and a $30.00 price objective for the company. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $27.43.

Market Vectors Indian Rupee/USD ETN Trading Down 3.5 %

Shares of NYSEARCA:INR traded down $0.56 during trading on Monday, reaching $15.59. The stock had a trading volume of 20,270 shares, compared to its average volume of 400,555. Market Vectors Indian Rupee/USD ETN has a 52 week low of $13.64 and a 52 week high of $23.00. The firm’s fifty day moving average is $17.50 and its 200 day moving average is $30.50.

Insiders Place Their Bets

In related news, Director Steven D. Gray purchased 15,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was purchased at an average cost of $20.00 per share, with a total value of $300,000.00. Following the completion of the acquisition, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $300,000. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

About Market Vectors Indian Rupee/USD ETN

International Consolidated Airlines Group, SA, together with its subsidiaries, engages in the provision of passenger and cargo transportation services in the United Kingdom, Spain, Ireland, the United States, and rest of the world. The company operates under the British Airways, Iberia, Vueling, Aer Lingus, and LEVEL brands.