Deutsche Bank reported on Vedanta Resources PLC (LON:VED), sustaining its target price at 670.00GBX today
- Updated: October 10, 2016
Yesterday Vedanta Resources PLC (LON:VED) traded 0.88% higher at 658.00GBX. VED’s 50-day average is 538.50GBX and its two hundred day average is 454.18GBX. With the last stock price close up 40.38% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the date range. Trading volume was down over the average, with 147,642 shares of VED changing hands under the typical 584,948
Reporting a potential upside of 0.02%, Deutsche Bank hold steady the target price of Vedanta Resources PLC (LON:VED) at 670.00GBX
On Wednesday October 05, 2016, Deutsche Bank released a statement on Vedanta Resources PLC (LON:VED) raised the target price from 630.00GBX to 670.00GBX that suggested an upside of 0.14%.
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With a total market value of 0 GBX, Vedanta Resources PLC has with a 52 week low of 195.16GBX and a 52 week high of 647.50GBX .
Also covering Vedanta Resources PLC's price target, a total of 10 analysts have issued a research note on the company. The average stock price target is 5.27GBX with one brokerage rating the stock a strong buy, 1 equity analyst rating the company a buy, five equity analysts rating the company a hold, three analysts rating the company a underperform, and lastly 1 broker rating the stock a sell.
Brief Synopsis On 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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