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).

ILLEGAL ACTIVITY NOTICE: This story was originally published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this story on another website, it was copied illegally and reposted in violation of United States & international trademark and copyright legislation. The original version of this story can be accessed at

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)

Receive News & Ratings for Vedanta Resources plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vedanta Resources plc and related companies with's FREE daily email newsletter.

Latest News

Leave a Reply