Vedanta Resources plc (VED) Price Target Raised to GBX 700

Vedanta Resources plc (LON:VED) had its price objective raised by equities research analysts at Jefferies Group LLC from GBX 575 ($7.44) to GBX 700 ($9.05) in a research note issued on Thursday. The brokerage currently has an “underperform” rating on the stock. Jefferies Group LLC’s price target would indicate a potential downside of 17.36% from the company’s previous close.

VED has been the subject of several other reports. Barclays PLC reissued an “underweight” rating and issued a GBX 600 ($7.76) price objective on shares of Vedanta Resources plc in a research report on Friday, July 14th. Goldman Sachs Group, Inc. (The) lowered their price objective on shares of Vedanta Resources plc from GBX 950 ($12.29) to GBX 925 ($11.96) and set a “buy” rating for the company in a research report on Wednesday, July 5th. Citigroup Inc. reissued a “buy” rating and issued a GBX 840 ($10.86) price objective on shares of Vedanta Resources plc in a research report on Monday, July 31st. Finally, J P Morgan Chase & Co lowered their price objective on shares of Vedanta Resources plc from GBX 700 ($9.05) to GBX 650 ($8.41) and set a “neutral” rating for the company in a research report on Monday, June 5th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of GBX 746.11 ($9.65).

Vedanta Resources plc (LON:VED) opened at 847.00 on Thursday. The company’s 50-day moving average price is GBX 747.18 and its 200 day moving average price is GBX 751.10. Vedanta Resources plc has a 12 month low of GBX 476.30 and a 12 month high of GBX 1,112.50. The company’s market capitalization is GBX 2.36 billion.

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Vedanta Resources plc Company Profile

Vedanta Resources plc is a natural resources company, which is engaged in exploring, extracting and processing minerals, and oil and gas. The Company produces zinc, lead, silver, copper, aluminum, iron ore, oil and gas, and commercial power. Its operations are located in India, Zambia, Namibia, South Africa, Liberia, Ireland, Australia and the United Arab Emirates.

Analyst Recommendations for Vedanta Resources plc (LON:VED)

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