KeyCorp Begins Coverage on Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR)

Analysts at KeyCorp started coverage on shares of Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) in a research note issued to investors on Tuesday,Briefing.com Automated Import reports. The firm set an “overweight” rating and a $26.00 price target on the stock. KeyCorp’s price target points to a potential upside of 35.91% from the stock’s previous close.

A number of other research analysts also recently commented on the stock. Raymond James assumed coverage on shares of Market Vectors Indian Rupee/USD ETN in a research report on Tuesday. They set a “strong-buy” rating and a $30.00 price objective on the stock. Stephens began coverage on shares of Market Vectors Indian Rupee/USD ETN in a report on Tuesday. They set an “overweight” rating and a $30.00 price target on the stock. Royal Bank of Canada initiated coverage on Market Vectors Indian Rupee/USD ETN in a report on Tuesday. They set an “outperform” rating and a $30.00 price objective for the company. Finally, Bank of America assumed coverage on Market Vectors Indian Rupee/USD ETN in a research report on Tuesday. They set a “buy” rating and a $30.00 price objective for the company. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Market Vectors Indian Rupee/USD ETN presently has a consensus rating of “Buy” and a consensus price target of $29.20.

Market Vectors Indian Rupee/USD ETN Stock Down 2.8 %

NYSEARCA:INR opened at $19.13 on Tuesday. Market Vectors Indian Rupee/USD ETN has a fifty-two week low of $18.47 and a fifty-two week high of $23.00. The stock’s 50-day moving average is $32.81 and its two-hundred day moving average is $36.82.

Insider Transactions at Market Vectors Indian Rupee/USD ETN

In related news, Director Steven D. Gray acquired 15,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were acquired at an average cost of $20.00 per share, with a total value of $300,000.00. Following the purchase, the director now owns 15,000 shares of the company’s stock, valued at approximately $300,000. The trade was a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

About Market Vectors Indian Rupee/USD ETN

International Consolidated Airlines Group, SA, together with its subsidiaries, engages in the provision of passenger and cargo transportation services in the United Kingdom, Spain, Ireland, the United States, and rest of the world. The company operates under the British Airways, Iberia, Vueling, Aer Lingus, and LEVEL brands.