Vedanta Resources (LON:VED) had its price target upped by equities research analysts at Barclays from GBX 750 ($10.03) to GBX 780 ($10.43) in a research report issued on Monday. The firm presently has an “underweight” rating on the stock. Barclays’ price objective indicates a potential downside of 9.30% from the stock’s previous close.

Several other research analysts have also weighed in on VED. JPMorgan Chase & Co. lifted their price objective on Vedanta Resources from GBX 600 ($8.02) to GBX 650 ($8.69) and gave the stock a “neutral” rating in a research report on Wednesday, October 11th. Citigroup restated a “buy” rating on shares of Vedanta Resources in a research note on Monday, November 13th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of GBX 826.43 ($11.05).

Vedanta Resources (VED) opened at GBX 860 ($11.50) on Monday. Vedanta Resources has a 12-month low of GBX 558.50 ($7.47) and a 12-month high of GBX 1,112.50 ($14.87). The firm has a market capitalization of $2,340.00 and a PE ratio of -14,333.33.

In other news, insider Anil Agarwal sold 60,904 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of GBX 769 ($10.28), for a total value of £468,351.76 ($626,222.44).

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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.

Analyst Recommendations for Vedanta Resources (LON:VED)

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