Deutsche Bank issued a report on Vedanta Resources PLC (LON:VED), hiking its price target to 670.00GBX earlier today
- Updated: October 9, 2016
Yesterday Vedanta Resources PLC (LON:VED) traded 0.88% higher at 587.50GBX. The company’s 50-day moving average is 538.50GBX and its 200-day moving average is 454.18GBX. The last closing price is up 40.38% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 147,642 shares of the stock were exchanged, down from an average trading volume of 584,948
Deutsche Bank increased the stock price target of Vedanta Resources PLC (LON:VED) to 670.00GBX indicating a possible upside of 0.14%.
Previously on 09/21/2016, Barclays Capital reported on Vedanta Resources PLC (LON:VED) raised the target price from 320.00GBX to 460.00GBX. At the time, this indicated a possible downside of -0.10%.
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Vedanta Resources PLC has a with a one year low of 195.16GBX and a one year high of 647.50GBX The company’s market cap is currently 0 GBX.
In addition to Deutsche Bank reporting its stock price target, a total of 10 brokers have issued a research note on the company. The average stock price target is 5.27GBX with 1 broker rating the stock a strong buy, 1 broker rating the stock a buy, 5 brokers rating the stock a hold, 3 brokers rating the stock a underperform, and finally 1 broker rating the stock a sell.
General Information About Vedanta Resources PLC (LON:VED)
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. Its segments include Zinc-India, Zinc-International, Oil & Gas, Iron Ore, Copper-India/Australia, Copper-Zambia, Aluminium and Power. Its geographical segments include India, China, Far East Asia, Middle East, Europe, Africa, Asia Others, UK and Others. Its Copper business includes a copper smelter, over two refineries and over two copper rod plants in India; a copper mine in Australia, and an integrated operation in Zambia consisting of approximately three mines, a leaching plant and a smelter. The Company's oil and gas operations consist of the assets of Cairn India Limited in India, Sri Lanka and South Africa.
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