Vedanta Resources plc (VED) Given Consensus Rating of “Hold” by Analysts

Vedanta Resources plc (LON:VED) has been given an average recommendation of “Hold” by the seven analysts that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is GBX 824.17 ($11.18).

VED has been the topic of several research reports. Citigroup reaffirmed a “buy” rating on shares of Vedanta Resources in a research report on Monday, November 13th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 650 ($8.81) price objective on shares of Vedanta Resources in a research report on Monday, November 13th. Finally, Barclays reaffirmed an “underweight” rating on shares of Vedanta Resources in a research report on Thursday, November 2nd.

In other news, insider Anil Agarwal sold 60,904 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of GBX 769 ($10.43), for a total value of £468,351.76 ($635,139.35).

Shares of Vedanta Resources (LON VED) opened at GBX 943.20 ($12.79) on Monday. The company has a market cap of $2,470.00 and a PE ratio of -13,474.29. Vedanta Resources has a 12-month low of GBX 558.50 ($7.57) and a 12-month high of GBX 1,112.50 ($15.09).

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About Vedanta Resources

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 (LON:VED)

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