Credit Suisse Group Initiates Coverage on Vedanta Resources (VED)

Credit Suisse Group assumed coverage on shares of Vedanta Resources (LON:VED) in a research note published on Monday morning. The firm issued an outperform rating and a GBX 1,160 ($15.73) price objective on the stock.

VED has been the topic of a number of other reports. JPMorgan Chase & Co. lifted their target price on Vedanta Resources from GBX 600 ($8.14) to GBX 650 ($8.81) and gave the stock a neutral rating in a research note on Wednesday, October 11th. Barclays lifted their target price on Vedanta Resources from GBX 750 ($10.17) to GBX 780 ($10.58) and gave the stock an underweight rating in a research note on Monday, January 8th. Finally, Citigroup reiterated a buy rating on shares of Vedanta Resources in a research note on Monday, November 13th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of GBX 877.86 ($11.90).

Shares of Vedanta Resources (LON VED) traded down GBX 29.80 ($0.40) during trading hours on Monday, reaching GBX 924.20 ($12.53). The company’s stock had a trading volume of 1,100,000 shares, compared to its average volume of 792,620. Vedanta Resources has a fifty-two week low of GBX 558.50 ($7.57) and a fifty-two week high of GBX 1,112.50 ($15.09). The company has a market cap of $2,510.00 and a PE ratio of -15,403.33.

In related news, insider Anil Agarwal sold 60,904 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of GBX 769 ($10.43), for a total value of £468,351.76 ($635,139.35).

ILLEGAL ACTIVITY WARNING: “Credit Suisse Group Initiates Coverage on Vedanta Resources (VED)” was first posted by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this news story on another domain, it was stolen and reposted in violation of US & international trademark & copyright law. The original version of this news story can be accessed at https://sportsperspectives.com/2018/01/16/credit-suisse-group-initiates-coverage-on-vedanta-resources-ved.html.

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)

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

Latest News

Leave a Reply