Vedanta Resources (LON:VED) Receives “Outperform” Rating from Credit Suisse Group

Credit Suisse Group reaffirmed their outperform rating on shares of Vedanta Resources (LON:VED) in a research report released on Monday, January 29th. Credit Suisse Group currently has a GBX 1,160 ($16.03) price objective on the stock.

A number of other analysts have also issued reports on the company. Citigroup restated a buy rating on shares of Vedanta Resources in a report on Monday, November 13th. JPMorgan Chase & Co. restated a neutral rating and issued a GBX 650 ($8.98) target price on shares of Vedanta Resources in a report on Monday, November 13th. Finally, Barclays restated an underweight rating on shares of Vedanta Resources in a report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Vedanta Resources presently has an average rating of Hold and a consensus price target of GBX 877.86 ($12.13).

Vedanta Resources (LON:VED) traded up GBX 22.60 ($0.31) on Monday, hitting GBX 753.80 ($10.41). The stock had a trading volume of 567,912 shares, compared to its average volume of 816,180. The company has a market cap of $1,990.00 and a price-to-earnings ratio of -12,563.33. Vedanta Resources has a 1-year low of GBX 558.50 ($7.72) and a 1-year high of GBX 1,112.50 ($15.37).

In other news, insider Anil Agarwal sold 60,904 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of GBX 769 ($10.62), for a total value of £468,351.76 ($647,073.45).

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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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