Is Vedanta Resources PLC (LON:VED) Now a Sell? Deutsche Bank Downgrades Stock

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Vedanta Resources PLC (LON:VED) Receives a Downgrade

Deutsche Bank has just downgraded their rating on shares of Vedanta Resources PLC (LON:VED) to a Sell and currently has a GBX 200.00 target price on the stock. This was disseminated in a comprehensive report on 16 December.

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 10.64 while the lowest target price is GBX 3.48. The mean of all analyst targets is GBX 6.87 with a 41.13% above today’s (GBX 285.87) stock price. Vedanta Resources PLC was the topic of 41 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank downgraded shares on December 16 to “Sell” rating. Jefferies maintained shares with “Hold” rating and GBX 500 target share price in a report from a November 6. Bank of America maintained VED stock in a recent report from November 25 with “Underperform” 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, Barclays Capital downgraded the stock to “Underweight” rating in a report issued on a November 10.

Approximately 219,705 shares of stock traded hands. Vedanta Resources plc (LON:VED) has declined 55.62% since May 19, 2015 and is downtrending. It has underperformed by 52.99% the S&P500.

 Is Vedanta Resources PLC (LON:VED) Now a Sell? Deutsche Bank Downgrades Stock

Vedanta Resources plc is a diversified natural resources company. The company has a market cap of 759.96 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.

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