Vedanta Resources plc (VED) Stock Rating Reaffirmed by Barclays PLC
Vedanta Resources plc (LON:VED)‘s stock had its “underweight” rating reiterated by stock analysts at Barclays PLC in a research report issued on Thursday.
Several other research firms have also recently weighed in on VED. Jefferies Group LLC raised their target price on shares of Vedanta Resources plc from GBX 575 ($7.59) to GBX 700 ($9.24) and gave the company an “underperform” rating in a research note on Thursday, August 31st. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a GBX 925 ($12.21) target price on shares of Vedanta Resources plc in a research note on Monday, July 24th. J P Morgan Chase & Co raised their target price on shares of Vedanta Resources plc from GBX 600 ($7.92) to GBX 650 ($8.58) and gave the company a “neutral” rating in a research note on Wednesday, October 11th. Finally, Citigroup Inc. reiterated a “buy” rating and set a GBX 840 ($11.08) price objective on shares of Vedanta Resources plc in a research report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 768.33 ($10.14).
Vedanta Resources plc (VED) traded down GBX 10.99 ($0.15) on Thursday, reaching GBX 915.51 ($12.08). 689,511 shares of the company traded hands, compared to its average volume of 650,579. Vedanta Resources plc has a 52 week low of GBX 558.50 ($7.37) and a 52 week high of GBX 1,112.50 ($14.68).
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In other news, insider Tarun Jain sold 4,176 shares of the firm’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of GBX 813 ($10.73), for a total value of £33,950.88 ($44,801.90).
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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