Vedanta Resources (LON: VED) Stock ranking reaffirmed by Barclays

Vedanta Resources (LON: VED) in a research note published on Wednesday, July 18

Several other equity research badysts also commented on VED: Morgan Stanley gave Vedanta Resources equal weight in a research note on Friday, June 29. published a target price of 890 GBX ($ 11.78) on Vedanta Resources shares in a research note on Tuesday, July 3 .This Citigroup reduced its target price on Vedanta Resources from GBX 980 ($ 12.97) to GBX 890 (11, $ 78) and has the stock in a research note on Tuesday, July 3 Finally, JPMorgan Chase & Co. reaffirmed an overweight position in Vedanta Resources shares in a research report on Thursday, April 12, 2009. Two research badysts on shares have noted the action with u no sales note, we gave a reservation rating and five issued a purchase note to the company. The stock currently has a consensus Hold rating and an average target price of GBX 917.14 ($ 12.14).

Vedanta Resources opened at 772.80 GBX ($ 10.23) on Wednesday, reports Marketbeat. Vedanta Resources has a 52-week low of GBX 558.50 ($ 7.39) and a 52-week high of GBX 981.80 ($ 13.00).

The firm also recently announced a dividend to be paid on Wednesday, August 22. Investors listed on Thursday, July 19 will receive a dividend of GBX 30.47 ($ 0.40) per share. The ex-dividend date is Thursday, July 19th. This is a positive change from Vedanta Resources' previous dividend of $ 18.31. This represents a dividend yield of 4.08%.

About Vedanta Resources

Vedanta Resources plc is a diversified natural resource company in India, Zambia, South Africa, Namibia, the United Arab Emirates, Ireland, Australia and Liberia. It produces mainly zinc, lead, silver, copper, iron ore and aluminum deposits. The company is also exploring for, mined and processed minerals, as well as oil and gas.

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