Vedanta Resources’ (VED) Underweight Rating Reiterated at Barclays

Barclays reiterated their underweight rating on shares of Vedanta Resources (LON:VED) in a research note released on Monday morning.

Several other research firms also recently weighed in on VED. Credit Suisse Group assumed coverage on shares of Vedanta Resources in a report on Monday, January 15th. They issued an outperform rating and a GBX 1,160 ($16.26) price objective for the company. JPMorgan Chase & Co. upped their price objective on shares of Vedanta Resources from GBX 600 ($8.41) to GBX 650 ($9.11) and gave the stock a neutral rating in a report on Wednesday, October 11th. Finally, Citigroup reaffirmed a buy rating on shares of Vedanta Resources in a report on Monday, November 13th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of GBX 877.86 ($12.31).

Vedanta Resources (LON VED) opened at GBX 727.60 ($10.20) on Monday. Vedanta Resources has a 1-year low of GBX 558.50 ($7.83) and a 1-year high of GBX 1,112.50 ($15.60). The stock has a market cap of $1,990.00 and a price-to-earnings ratio of -12,126.67.

In related news, insider Anil Agarwal sold 60,904 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of GBX 769 ($10.78), for a total value of £468,351.76 ($656,690.63).

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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.

Analyst Recommendations for Vedanta Resources (LON:VED)

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