Citigroup Inc. restated their buy rating on shares of Vedanta Resources plc (LON:VED) in a report issued on Monday, July 31st. The firm currently has a GBX 840 ($10.94) price objective on the stock.
Other equities analysts have also issued reports about the stock. Goldman Sachs Group, Inc. (The) restated a buy rating and set a GBX 925 ($12.05) price target on shares of Vedanta Resources plc in a research report on Monday, July 24th. Jefferies Group LLC decreased their target price on shares of Vedanta Resources plc from GBX 950 ($12.37) to GBX 850 ($11.07) and set a hold rating on the stock in a report on Tuesday, April 18th. J P Morgan Chase & Co decreased their target price on shares of Vedanta Resources plc from GBX 700 ($9.12) to GBX 650 ($8.46) and set a neutral rating on the stock in a report on Monday, June 5th. Finally, Barclays PLC reiterated an underweight rating and issued a GBX 600 ($7.81) target price on shares of Vedanta Resources plc in a report on Friday, July 14th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of GBX 723.89 ($9.43).
Shares of Vedanta Resources plc (LON VED) traded down 6.59% during mid-day trading on Monday, hitting GBX 694.00. The stock had a trading volume of 982,973 shares. The stock’s 50-day moving average price is GBX 712.21 and its 200-day moving average price is GBX 773.08. 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 cap is GBX 1.93 billion.
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The company also recently announced a dividend, which will be paid on Wednesday, August 23rd. Stockholders of record on Thursday, July 20th will be paid a GBX 26.92 ($0.35) dividend. This represents a dividend yield of 4.24%. The ex-dividend date is Thursday, July 20th. This is a boost 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.
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