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Vedanta Resources (LON: VED ) in a report released on Tuesday, July 3, 2009. Peel Hunt currently has a price target of GBX 890 ($ 11.78) on the title
Other equity research analysts recently released Corporate Research Reports From GBX 940 ($ 12.44) to GBX 950 ($ 12.57), Citigroup has re-evaluated its purchase price and set a target price of GBX 980 ($ 12.97). ) on the shares of Vedanta Resources in a report published on Wednesday, March 14. On Friday, April 6, Morgan Stanley brought Vedanta Resources to an equal weighting level in a report on Friday, June 29, 2009. Finally, JPMorgan Chase & Co. has reissued an overweight position on Vedanta Resources shares in a report on Wednesday, April 4. Two analysts assessed the st ock h a sales note, one assigned a holdback rating and five gave a purchase note to the company. Vedanta Resources currently has an average Hold rating and an average price target of GBX 917.14 ($ 12.14).
The shares of Vedanta Resources traded GBX 9 ($ 0.12), reaching GBX 780 ($ 10.32), Tuesday noon, MarketBeat reports. The stock had a trading volume of 1,070,595 shares, compared to its average volume of 619,396 shares. Vedanta Resources has a minimum of 12 months of GBX 558.50 ($ 7.39) and a high of GBX 981.80 ($ 13.00) for 12 months.
The firm also recently announced a dividend to be paid on Wednesday, August 22. Shareholders of record on Thursday, July 19 will receive a dividend of GBX 30.47 ($ 0.40). This represents a return of 4.08%. The ex-dividend date of this dividend is Thursday, July 19th. This is a boost from Vedanta Resources' previous $ 18.31 dividend.
Vedanta Resources Company Profile
Vedanta Resources plc is a diversified natural resource company in India, Zambia, South Africa, Namibia, the United Arab Emirates, in 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.
Read more: Understanding Analyst Estimates
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