Jefferies International recorded Vedanta Resources PLC (LON:VED), bumping its target to 500.00GBX today
- Updated: October 13, 2016
Having a price of 639.50GBX, Vedanta Resources PLC (LON:VED) traded 2.93% higher on the day. With the last stock price up 36.45% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. VED has recorded a 50-day average of 549.06GBX and a two hundred day average of 463.55GBX. Trade Volume was down over the average, with 161,419 shares of VED changing hands under the typical 568,613
In a report issued 10/14/2016 Jefferies International raised the target price of Vedanta Resources PLC (LON:VED) from 400.00GBX to 500.00GBX stating a potential downside of -0.22%.
On 10/11/2016, Deutsche Bank released a statement about Vedanta Resources PLC (LON:VED) maintained the target price at 670.00GBX that suggested an upside of 0.02%.
Recent Performance Chart
Vedanta Resources PLC has with a one year low of 195.16GBX and a one year high of 641.00GBX and has a market capitalization of 0 GBX.
A total of 10 brokerages have issued a ratings update on Vedanta Resources PLC. One brokerage rating the company a strong buy, one brokerage rating the company a buy, five brokerages rating the company a hold, three brokerages rating the company a underperform, and finally one brokerage rating the company a sell with a 12-month price target of 5.27GBX.
General Company Details For 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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