Citigroup Inc restated their neutral rating on shares of Vedanta Resources plc (LON:VED) in a research note issued to investors on Thursday. The brokerage currently has a GBX 1,090 ($13.46) target price on the stock.

Several other equities analysts have also recently issued reports on the company. Goldman Sachs Group Inc reaffirmed a conviction-buy rating on shares of Vedanta Resources plc in a report on Monday, December 5th. Credit Suisse Group AG reaffirmed an underperform rating and set a GBX 750 ($9.26) price objective on shares of Vedanta Resources plc in a report on Monday, February 6th. Deutsche Bank AG cut their price target on Vedanta Resources plc from GBX 1,050 ($12.97) to GBX 1,000 ($12.35) and set a hold rating for the company in a report on Tuesday, February 21st. Jefferies Group LLC boosted their price target on Vedanta Resources plc from GBX 800 ($9.88) to GBX 950 ($11.73) and gave the stock a hold rating in a report on Tuesday, December 20th. Finally, Barclays PLC boosted their price target on Vedanta Resources plc from GBX 460 ($5.68) to GBX 800 ($9.88) and gave the stock an underweight rating in a report on Monday, January 9th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of GBX 786.43 ($9.71).

Vedanta Resources plc (LON:VED) opened at 881.50 on Thursday. The company’s 50-day moving average price is GBX 959.00 and its 200 day moving average price is GBX 819.96. Vedanta Resources plc has a 1-year low of GBX 303.40 and a 1-year high of GBX 1,112.50. The firm’s market cap is GBX 2.44 billion.

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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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