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The shares of Vedanta Resources plc (LON: VED) have received an average recommendation from "Hold" of the eight rating agencies that cover the company, Marketbeat.com reports Two research analysts evaluated the stock with a sales recommendation, one assigned a retainer recommendation and five gave a buy recommendation to the company. 1 year average price target among the brokers who issued ratings on the stock last year, GBX 940 ($ 12.51)
VED has been the subject of several reports from analysts: Goldman Sachs Group has increased its price target on Vedanta Resources from GBX 940 ($ 12.51) to GBX 950 ($ 12.65) On March 14, Citigroup republished a "buy" note and issued a GBX 980 price target ($ 13.05) on the shares of Vedanta Resources in a report published on Friday, April 6. buy "ra and issued a price target of GBX 890 ($ 11.85) on Vedanta Resources shares in a report on Tuesday, July 3. Morgan Stanley has upgraded Vedanta Resources to an" equal weight "rating in a report on Friday, June 29. Finally, JPMorgan Chase & Co. reissued an "overweight" rating of Vedanta Resources shares in a report on Wednesday, April 4.
Vedanta Resources shares fell by 6.60 GBX (0, $ 09), reaching 809.80 GBX ($ 10.78) Monday, reports Marketbeat.com The company had a trading volume of 1,354,328 shares, compared to its average volume of 619,396. twelve-month low of GBX 558.50 ($ 7.44) and a twelve-month high of GBX 981.80 ($ 13.07).
The company also recently declared a dividend, which will be paid on Wednesday, August 22. Registered investors on Thursday, July 19 will receive a dividend of 30.47 GBX ($ 0.41) .This is a boost from the dividend previous Vedanta Resources of $ 18.31. The ex-dividend date is Thursday, July 19th. This represents a return 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 also explores for extracts, and processes minerals, as well as oil and gas.
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