Vedanta Resources plc (VED) Rating Reiterated by Barclays PLC

Barclays PLC reissued their underweight rating on shares of Vedanta Resources plc (LON:VED) in a report issued on Friday, July 14th. They currently have a GBX 600 ($7.91) price objective on the stock.

Receive News & Ratings for Vedanta Resources plc Daily

Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vedanta Resources plc and related companies with MarketBeat.com's FREE daily email newsletter.

A number of other equities research analysts have also recently commented on VED. J P Morgan Chase & Co reissued a neutral rating and set a GBX 600 ($7.91) price target on shares of Vedanta Resources plc in a report on Wednesday, July 12th. Citigroup Inc. reissued a neutral rating and set a GBX 1,090 ($14.38) price target on shares of Vedanta Resources plc in a report on Thursday, March 16th. Goldman Sachs Group, Inc. (The) cut their price objective on Vedanta Resources plc from GBX 950 ($12.53) to GBX 925 ($12.20) and set a buy rating for the company in a research report on Wednesday, July 5th. Deutsche Bank AG raised their price objective on Vedanta Resources plc from GBX 1,030 ($13.59) to GBX 1,090 ($14.38) and gave the company a hold rating in a research report on Friday, March 17th. Finally, Jefferies Group LLC lowered Vedanta Resources plc to an underperform rating and cut their price objective for the company from GBX 700 ($9.23) to GBX 500 ($6.60) in a research report on Thursday, June 8th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The stock has a consensus rating of Hold and an average price target of GBX 723.89 ($9.55).

Vedanta Resources plc (LON:VED) opened at 747.50 on Friday. Vedanta Resources plc has a 52-week low of GBX 476.30 and a 52-week high of GBX 1,112.50. The firm’s market capitalization is GBX 2.08 billion. The stock’s 50 day moving average price is GBX 683.56 and its 200 day moving average price is GBX 783.06.

TRADEMARK VIOLATION WARNING: “[[title]]” was reported by [[site]] and is owned by of [[site]]. If you are viewing this article on another domain, it was illegally copied and republished in violation of international copyright legislation. The correct version of this article can be accessed at [[permalink]].

The business also recently declared a dividend, which will be paid on Wednesday, August 23rd. Investors of record on Thursday, July 20th will be given a GBX 26.92 ($0.36) dividend. The ex-dividend date is Thursday, July 20th. This represents a yield of 4.24%. This is a positive change from Vedanta Resources plc’s previous dividend of $16.08.

About Vedanta Resources plc

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.