Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) Price Target Raised to $18.00

Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) had its target price boosted by Roth Capital from $17.00 to $18.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other analysts also recently weighed in on the stock. KeyCorp reduced their target price on shares of Market Vectors Indian Rupee/USD ETN from $22.00 to $19.00 and set an “overweight” rating on the stock in a report on Wednesday, November 12th. Raymond James Financial reiterated a “strong-buy” rating and issued a $23.00 price target (down previously from $29.00) on shares of Market Vectors Indian Rupee/USD ETN in a research report on Monday, September 15th. Finally, Citigroup reduced their price objective on Market Vectors Indian Rupee/USD ETN from $21.00 to $18.00 and set a “buy” rating on the stock in a research note on Monday, September 29th.

Market Vectors Indian Rupee/USD ETN Stock Performance

Shares of INR opened at $14.42 on Tuesday. The stock has a market capitalization of $877.86 million and a PE ratio of -32.77. The company’s fifty day moving average is $12.79 and its 200 day moving average is $14.44. Market Vectors Indian Rupee/USD ETN has a fifty-two week low of $11.13 and a fifty-two week high of $23.00.

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.