Vedanta Resources PLC (LON:VED) Rating Reaffirmed
Credit Suisse now has a GBX 230.00 Estimated Target Price on the 763.18M GBP market cap company or -16.76% downside potential. In a note announced on 15 December, Vedanta Resources PLC (LON:VED) shares have had their “Underperform” Rating has decided to restate by research analysts at Credit Suisse.
From a total of 10 analysts covering Vedanta Resources PLC (LON:VED) stock, 4 rate it a ”Buy”, 4 a “Sell”, and 3 a ”Hold”. This means that 36% of the ratings are positive. The highest target price is GBX 10.67 while the lowest target price is GBX 4.71. The mean of all analyst targets is GBX 7.19 with a 66.12% above today’s (GBX 276.3) stock price. Vedanta Resources PLC was the topic of 39 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on December 1 with “Hold” rating. Deutsche Bank maintained shares with “Hold” rating and GBX 500 target share price in a report from a November 5. AlphaValue upgraded VED stock in a recent report from November 11 to “Buy” rating. RBC Capital Markets maintained the rating on October 30. RBC Capital Markets has a “Underperform” rating and a GBX 450 price target on shares. Finally, Jefferies maintained the stock with “Hold” rating in a report issued on a November 6.
The stock decreased 4.69% or GBX 13.6 on December 14, striking GBX 276.3. Approximately 809,602 shares of stock traded hands or 10.82% up from the average. Vedanta Resources plc (LON:VED) has declined 58.33% since May 18, 2015 and is downtrending. It has underperformed by 53.91% the S&P500.
Vedanta Resources plc is a diversified natural resources company. The company has a market cap of 763.18 million GBP. The Firm is engaged in exploring, extracting and processing minerals and gas and oil. It currently has negative earnings. The Company’s divisions include Zinc-India, Zinc-International, Oil & Gas, Iron Ore, Copper-India/Australia, Copper-Zambia, Aluminum and Power.