Vedanta Resources plc’s (VED) “Buy” Rating Reaffirmed at Citigroup Inc.

Citigroup Inc. reiterated their buy rating on shares of Vedanta Resources plc (LON:VED) in a research report released on Monday, July 31st. They currently have a GBX 840 ($10.90) price objective on the stock.

Several other research firms have also recently issued reports on VED. J P Morgan Chase & Co reiterated a neutral rating and issued a GBX 600 ($7.79) price target on shares of Vedanta Resources plc in a report on Wednesday, July 12th. Goldman Sachs Group, Inc. (The) cut Vedanta Resources plc to a buy rating and set a GBX 950 ($12.33) price target on the stock. in a report on Tuesday, April 25th. Jefferies Group LLC cut Vedanta Resources plc to an underperform rating and decreased their price target for the company from GBX 700 ($9.09) to GBX 500 ($6.49) in a report on Thursday, June 8th. Finally, Barclays PLC reiterated an underweight rating and issued a GBX 600 ($7.79) price target on shares of Vedanta Resources plc in a report on Wednesday, May 3rd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of GBX 723.89 ($9.40).

Shares of Vedanta Resources plc (LON VED) opened at 739.50 on Monday. Vedanta Resources plc has a 52 week low of GBX 476.30 and a 52 week high of GBX 1,112.50. The company’s market capitalization is GBX 2.06 billion. The company’s 50 day moving average is GBX 725.73 and its 200-day moving average is GBX 762.22.

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The business also recently announced a dividend, which will be paid on Wednesday, August 23rd. Shareholders of record on Thursday, July 20th will be paid a GBX 26.92 ($0.35) dividend. This is a positive change from Vedanta Resources plc’s previous dividend of $16.08. The ex-dividend date is Thursday, July 20th. This represents a yield of 4.24%.

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.

Analyst Recommendations for Vedanta Resources plc (LON:VED)

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