Insider Selling: Vedanta Resources plc (VED) Insider Sells 60,904 Shares of Stock
Vedanta Resources plc (LON:VED) insider Anil Agarwal sold 60,904 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of GBX 769 ($10.11), for a total value of £468,351.76 ($616,009.15).
Shares of Vedanta Resources plc (LON:VED) traded up GBX 19.50 ($0.26) during mid-day trading on Wednesday, reaching GBX 794.50 ($10.45). The company had a trading volume of 418,085 shares, compared to its average volume of 759,275. 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 business also recently disclosed a dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 23rd will be issued a dividend of GBX 18.31 ($0.24) per share. The ex-dividend date of this dividend is Thursday, November 23rd. This represents a yield of 2.18%.
A number of equities research analysts have recently commented on VED shares. Jefferies Group LLC upped their target price 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. J P Morgan Chase & Co restated a “neutral” rating and set a GBX 650 ($8.55) price target on shares of Vedanta Resources plc in a research report on Monday, November 13th. Citigroup Inc. reaffirmed a “buy” rating on shares of Vedanta Resources plc in a research report on Monday, November 13th. Finally, Barclays PLC boosted 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. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of GBX 814.38 ($10.71).
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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