Vedanta Resources (LON:VED) was upgraded by equities research analysts at AlphaValue to a “reduce” rating in a research note issued to investors on Wednesday, Analyst Ratings Network.com reports. The firm currently has a GBX 1,126.20 ($17.61) price objective on the stock, up from their previous price objective of GBX 1,086.30 ($16.98). AlphaValue’s price target points to a potential downside of 5.20% from the company’s current price.
A number of other firms have also recently commented on VED. Analysts at Jefferies Group reiterated a “hold” rating on shares of Vedanta Resources (LON:VED) in a research note to investors on Monday. They now have a GBX 1,350 ($21.11) price target on the stock. Separately, analysts at Liberum Capital upgraded shares of Vedanta Resources (LON:VED) from a “hold” rating to a “buy” rating in a research note to investors on Monday, September 2nd. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Vedanta Resources (LON:VED) in a research note to investors on Monday, September 2nd. They now have a GBX 1,070 ($16.73) price target on the stock.
Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. Vedanta Resources has an average rating of “Hold” and a consensus price target of GBX 1,292.09 ($20.20).
Shares of Vedanta Resources (LON:VED) opened at 1180.00 on Wednesday. Vedanta Resources has a 52 week low of GBX 950.00 and a 52 week high of GBX 1352.00. The stock has a 50-day moving average of GBX 1194. and a 200-day moving average of GBX 1168.. The company’s market cap is £3.226 billion.
Vedanta Resources plc is a diversified metals and mining company. Its segments include zinc, iron ore, copper, aluminium, power and oil and gas.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.