Credit Suisse Group Reiterates Outperform Rating for Vedanta Resources (VED)
Credit Suisse Group restated their outperform rating on shares of Vedanta Resources (LON:VED) in a research report report published on Monday. The firm currently has a GBX 1,160 ($16.29) price target on the stock.
Several other brokerages have also weighed in on VED. JPMorgan Chase & Co. restated a neutral rating and issued a GBX 650 ($9.13) price objective on shares of Vedanta Resources in a report on Monday, November 13th. Barclays increased their price objective on shares of Vedanta Resources from GBX 600 ($8.43) to GBX 750 ($10.53) and gave the company an underweight rating in a report on Tuesday, October 24th. Finally, Citigroup restated a buy rating on shares of Vedanta Resources in a report on Monday, November 13th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. Vedanta Resources presently has an average rating of Hold and a consensus target price of GBX 877.86 ($12.33).
Vedanta Resources (LON:VED) opened at GBX 822.72 ($11.55) on Monday. Vedanta Resources has a 12-month low of GBX 558.50 ($7.84) and a 12-month high of GBX 1,112.50 ($15.62). The stock has a market cap of $2,230.00 and a P/E ratio of -13,712.00.
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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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