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The stock of Vedanta Resources (LON: VED) had an "underweight" rating reiterated by Barclays analysts in an analysts recently published research reports on the company, Citigroup reaffirmed a note "buy" and set a price target GBX 980 ($ 12.97) on the shares of Vedanta Resources in a research note Friday, April 6, Peel Hunt reaffirmed a note " "purchase" and set a price target of 890 GBX ($ 11.78) on the shares of Vedanta Resources in a research note on Tuesday, July 3, 2005. Morgan Stanley took Vedanta Resources to June 29, JPMorgan Chase & Co confirmed an "overweight" rating on the shares of Vedanta Resources in a research note on Wednesday, April 4, 2009. Two financial analysts rated the stock with a rating of one issued a take ratin g and five awarded a note of purchase to the action of the society. The stock currently has a consensual rating of "Hold" and a consensus price target of GBX 917.14 ($ 12.14).
Vedanta Resources shares opened on Wednesday at GBX 796.60 ($ 10.54), reports MarketBeat Ratings. 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.
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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