Vedanta Resources (VED) Given New GBX 780 Price Target at Barclays

Vedanta Resources (LON:VED) had its price objective lifted by Barclays from GBX 750 ($10.17) to GBX 780 ($10.58) in a research report sent to investors on Monday morning. Barclays currently has an underweight rating on the stock.

VED has been the topic of a number of other reports. JPMorgan Chase & Co. reaffirmed a neutral rating and set a GBX 650 ($8.81) target price on shares of Vedanta Resources in a research report on Monday, November 13th. Citigroup reaffirmed a buy rating on shares of Vedanta Resources in a research report on Monday, November 13th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Vedanta Resources currently has an average rating of Hold and a consensus price target of GBX 826.43 ($11.21).

Vedanta Resources (LON VED) opened at GBX 902.20 ($12.23) on Monday. The company has a market cap of $2,440.00 and a P/E ratio of -12,888.57. Vedanta Resources has a 1 year low of GBX 558.50 ($7.57) and a 1 year high of GBX 1,112.50 ($15.09).

The company also recently announced a dividend, which was paid on Thursday, December 14th. Shareholders of record on Thursday, November 23rd were paid a GBX 18.31 ($0.25) dividend. The ex-dividend date was Thursday, November 23rd. This represents a yield of 2.18%.

In other Vedanta Resources news, insider Anil Agarwal sold 60,904 shares of the firm’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).

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Vedanta Resources Company Profile

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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