Vedanta Resources plc (VED) Given New GBX 700 Price Target at Jefferies Group LLC
Vedanta Resources plc (LON:VED) had its price objective boosted by Jefferies Group LLC from GBX 575 ($7.44) to GBX 700 ($9.05) in a report published on Thursday. The brokerage currently has an underperform rating on the stock.
VED has been the subject of several other research reports. Goldman Sachs Group, Inc. (The) restated a buy rating and set a GBX 925 ($11.96) target price on shares of Vedanta Resources plc in a research report on Monday, July 24th. J P Morgan Chase & Co dropped their target price on Vedanta Resources plc from GBX 700 ($9.05) to GBX 650 ($8.41) and set a neutral rating for the company in a research report on Monday, June 5th. Barclays PLC restated an underweight rating and set a GBX 600 ($7.76) target price on shares of Vedanta Resources plc in a research report on Wednesday, May 3rd. Finally, Citigroup Inc. restated a buy rating and set a GBX 840 ($10.86) target price on shares of Vedanta Resources plc in a research report on Monday, July 31st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of GBX 746.11 ($9.65).
Vedanta Resources plc (LON:VED) traded up 3.05% on Thursday, reaching GBX 878.50. The company’s stock had a trading volume of 662,057 shares. Vedanta Resources plc has a one year low of GBX 476.30 and a one year high of GBX 1,112.50. The firm has a 50-day moving average of GBX 747.18 and a 200-day moving average of GBX 751.10. The company’s market capitalization 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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