Analysts at Citigroup Inc. boosted their target price on shares of Vedanta Resources (LON:VED) from GBX 1,070 ($17.14) to GBX 1,150 ($18.42) in a research report issued to clients and investors on Monday, StockRatingsNetwork reports. The firm currently has a “neutral” rating on the stock. Citigroup Inc.’s price target suggests a potential upside of 3.05% from the stock’s previous close.
Shares of Vedanta Resources (LON:VED) opened at 1119.00 on Monday. Vedanta Resources has a 52-week low of GBX 966.00 and a 52-week high of GBX 1352.00. The stock has a 50-day moving average of GBX 1193. and a 200-day moving average of GBX 1167.. The company’s market cap is £3.060 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. cut their price target on shares of Vedanta Resources (LON:VED) from GBX 1,550 ($24.83) to GBX 1,540 ($24.67) in a research note to investors on Tuesday, September 17th. They now have an “overweight” rating on the stock. Separately, analysts at AlphaValue upgraded shares of Vedanta Resources (LON:VED) to a “reduce” rating in a research note to investors on Wednesday, September 11th. They now have a GBX 1,126.20 ($18.04) price target on the stock, up previously from GBX 1,086.30 ($17.40). Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of Vedanta Resources (LON:VED) in a research note to investors on Monday, September 9th. They now have a GBX 1,350 ($21.62) price target on the stock.
Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. Vedanta Resources presently has an average rating of “Hold” and a consensus price target of GBX 1,297.09 ($20.78).
Vedanta Resources plc is a diversified metals and mining company. Its segments include zinc, iron ore, copper, aluminium, power and oil and gas.
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