Market Vectors Indian Rupee/USD ETN’s (INR) “Overweight” Rating Reiterated at Stephens

Stephens restated their overweight rating on shares of Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) in a research report report published on Friday,Benzinga reports. Stephens currently has a $30.00 price target on the stock.

Other equities research analysts have also recently issued research reports about the stock. Truist Financial began coverage on shares of Market Vectors Indian Rupee/USD ETN in a research report on Friday, February 28th. They issued a “buy” rating and a $26.00 target price for the company. Capital One Financial assumed coverage on shares of Market Vectors Indian Rupee/USD ETN in a report on Wednesday, February 26th. They issued an “overweight” rating for the company. Citigroup began coverage on shares of Market Vectors Indian Rupee/USD ETN in a report on Tuesday, February 25th. They set a “buy” rating and a $27.00 target price on the stock. Royal Bank of Canada assumed coverage on Market Vectors Indian Rupee/USD ETN in a research note on Tuesday, February 25th. They issued an “outperform” rating and a $30.00 price target for the company. Finally, Bank of America initiated coverage on Market Vectors Indian Rupee/USD ETN in a research note on Tuesday, February 25th. They set 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 given a strong buy rating to the stock. According to data from MarketBeat, Market Vectors Indian Rupee/USD ETN currently has an average rating of “Buy” and an average target price of $28.43.

Market Vectors Indian Rupee/USD ETN Stock Performance

INR opened at $17.98 on Friday. The business has a fifty day simple moving average of $22.42 and a 200 day simple moving average of $33.24. Market Vectors Indian Rupee/USD ETN has a 1 year low of $14.83 and a 1 year high of $23.00.

Insiders Place Their Bets

In related news, Director Steven D. Gray purchased 15,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were bought at an average cost of $20.00 per share, with a total value of $300,000.00. Following the acquisition, the director now owns 15,000 shares of the company’s stock, valued at $300,000. This trade represents a ? increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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.