Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) Coverage Initiated at Truist Financial

Truist Financial initiated coverage on shares of Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) in a research report released on Friday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $26.00 target price on the stock.

INR has been the topic of several other reports. Royal Bank of Canada assumed coverage on shares of Market Vectors Indian Rupee/USD ETN in a report on Tuesday. They issued an “outperform” rating and a $30.00 price objective on the stock. Capital One Financial assumed coverage on shares of Market Vectors Indian Rupee/USD ETN in a report on Wednesday. They issued an “overweight” rating on the stock. Stephens assumed coverage on shares of Market Vectors Indian Rupee/USD ETN in a report on Tuesday. They issued an “overweight” rating and a $30.00 price objective on the stock. Raymond James assumed coverage on shares of Market Vectors Indian Rupee/USD ETN in a report on Tuesday. They issued a “strong-buy” rating and a $30.00 price objective on the stock. Finally, Bank of America began coverage on shares of Market Vectors Indian Rupee/USD ETN in a report on Tuesday. They issued a “buy” rating and a $30.00 price objective on the stock. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Market Vectors Indian Rupee/USD ETN currently has an average rating of “Buy” and a consensus price target of $28.43.

Market Vectors Indian Rupee/USD ETN Stock Performance

Shares of INR stock opened at $17.98 on Friday. The firm’s 50 day moving average price is $31.16 and its 200-day moving average price is $36.28. Market Vectors Indian Rupee/USD ETN has a one year low of $17.32 and a one year high of $23.00.

Insider Activity at Market Vectors Indian Rupee/USD ETN

In related news, Director Steven D. Gray acquired 15,000 shares of Market Vectors Indian Rupee/USD ETN stock in a transaction that occurred on Monday, February 3rd. The stock was purchased at an average price of $20.00 per share, for a total transaction of $300,000.00. Following the completion of the purchase, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $300,000. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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.