Vedanta Resources plc (VED) Stock Rating Reaffirmed by Barclays PLC

Barclays PLC reissued their underweight rating on shares of Vedanta Resources plc (LON:VED) in a report released on Thursday morning.

Several other brokerages also recently issued reports on VED. Jefferies Group LLC raised their price objective on shares of Vedanta Resources plc from GBX 575 ($7.59) to GBX 700 ($9.24) and gave the stock an underperform rating in a research note on Thursday, August 31st. Goldman Sachs Group, Inc. (The) reissued a buy rating and issued a GBX 925 ($12.21) price objective on shares of Vedanta Resources plc in a research note on Monday, July 24th. J P Morgan Chase & Co raised their price objective on shares of Vedanta Resources plc from GBX 600 ($7.92) to GBX 650 ($8.58) and gave the stock a neutral rating in a research note on Wednesday, October 11th. Finally, Citigroup Inc. reissued a buy rating and issued a GBX 840 ($11.08) price objective on shares of Vedanta Resources plc in a research note on Monday, July 31st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average price target of GBX 768.33 ($10.14).

Shares of Vedanta Resources plc (VED) opened at GBX 906 ($11.96) on Thursday. Vedanta Resources plc has a 52 week low of GBX 558.50 ($7.37) and a 52 week high of GBX 1,112.50 ($14.68).

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In other news, insider Tarun Jain sold 4,176 shares of Vedanta Resources plc stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of GBX 813 ($10.73), for a total transaction of £33,950.88 ($44,801.90).

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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