Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) Coverage Initiated at Siebert Williams Shank

Equities researchers at Siebert Williams Shank initiated coverage on shares of Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) in a research report issued to clients and investors on Friday,Briefing.com Automated Import reports. The firm set a “buy” rating and a $23.00 price target on the stock. Siebert Williams Shank’s target price would indicate a potential upside of 25.75% from the stock’s current price.

INR has been the topic of several other reports. KeyCorp reduced their target price on Market Vectors Indian Rupee/USD ETN from $26.00 to $24.00 and set an “overweight” rating on the stock in a report on Monday, April 21st. Capital One Financial started coverage on shares of Market Vectors Indian Rupee/USD ETN in a research report on Wednesday, February 26th. They set an “overweight” rating for the company. Citigroup reduced their price objective on shares of Market Vectors Indian Rupee/USD ETN from $27.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday, April 4th. Bank of America began coverage on shares of Market Vectors Indian Rupee/USD ETN in a research report on Tuesday, February 25th. They issued a “buy” rating and a $30.00 target price for the company. Finally, Truist Financial assumed coverage on shares of Market Vectors Indian Rupee/USD ETN in a report on Friday, February 28th. They set a “buy” rating and a $26.00 price target for the company. Eight analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $26.88.

Market Vectors Indian Rupee/USD ETN Trading Up 1.7%

Shares of Market Vectors Indian Rupee/USD ETN stock opened at $18.29 on Friday. Market Vectors Indian Rupee/USD ETN has a twelve month low of $13.64 and a twelve month high of $23.00. The company has a 50-day simple moving average of $16.61 and a two-hundred day simple moving average of $24.66.

Market Vectors Indian Rupee/USD ETN Company Profile

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.