Vedanta Resources plc (VED) Stock Rating Reaffirmed by Citigroup Inc.

Vedanta Resources plc (LON:VED)‘s stock had its “buy” rating restated by equities research analysts at Citigroup Inc. in a report issued on Monday.

A number of other analysts also recently issued reports on VED. Jefferies Group LLC raised their target price on Vedanta Resources plc from GBX 575 ($7.56) to GBX 700 ($9.21) and gave the stock an “underperform” rating in a research report on Thursday, August 31st. J P Morgan Chase & Co raised their target price on Vedanta Resources plc from GBX 600 ($7.89) to GBX 650 ($8.55) and gave the stock a “neutral” rating in a research report on Wednesday, October 11th. Barclays PLC reissued an “underweight” rating on shares of Vedanta Resources plc in a research report on Thursday, November 2nd. Finally, Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a GBX 925 ($12.17) target price on shares of Vedanta Resources plc in a research report on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. Vedanta Resources plc presently has a consensus rating of “Hold” and an average price target of GBX 814.38 ($10.71).

Shares of Vedanta Resources plc (LON VED) opened at GBX 755 ($9.93) on Monday. Vedanta Resources plc has a 52-week low of GBX 558.50 ($7.35) and a 52-week high of GBX 1,112.50 ($14.63).

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In other news, insider Tarun Jain sold 4,176 shares of Vedanta Resources plc stock in a transaction on Monday, September 25th. The stock was sold at an average price of GBX 813 ($10.69), for a total value of £33,950.88 ($44,654.58).

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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