The stock of Vedanta Resources plc (LON:VED) is a huge mover today! The stock decreased 0.68% or GBX 5.06 on November 8, hitting GBX 740.44. About 527,055 shares traded hands. Vedanta Resources plc (LON:VED) has risen 112.09% since April 8, 2016 and is uptrending. It has outperformed by 110.13% the S&P500.
The move comes after 5 months positive chart setup for the GBX 2.04B company. It was reported on Nov, 8 by Barchart.com. We have GBX 1058.83 PT which if reached, will make LON:VED worth GBX 877.20M more.
Vedanta Resources plc (LON:VED) Ratings Coverage
Out of 12 analysts covering Vedanta Resources PLC (LON:VED), 3 rate it a “Buy”, 4 “Sell”, while 5 “Hold”. This means 25% are positive. Vedanta Resources PLC has been the topic of 98 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The stock of Vedanta Resources plc (LON:VED) earned “Underperform” rating by Jefferies on Thursday, July 7. The firm has “Underperform” rating by Bank of America given on Wednesday, November 25. The rating was maintained by Credit Suisse on Monday, July 18 with “Underperform”. The company was maintained on Thursday, December 31 by AlphaValue. As per Thursday, June 16, the company rating was maintained by Deutsche Bank. The stock has “Underperform” rating given by RBC Capital Markets on Friday, October 30. The rating was downgraded by Barclays Capital to “Underweight” on Tuesday, November 10. The stock of Vedanta Resources plc (LON:VED) earned “Neutral” rating by Credit Suisse on Friday, October 14. The firm has “Underperform” rating by Credit Suisse given on Friday, October 9. Jefferies maintained the stock with “Hold” rating in Thursday, July 23 report.
More notable recent Vedanta Resources plc (LON:VED) news were published by: Moodys.com which released: “Moody’s: Vedanta Resources plc’s refinancing efforts boosted by dividend from …” on March 31, 2016, also Moodys.com with their article: “Moody’s upgrades Vedanta Resources’ CFR to B1 from B2; outlook stable” published on September 13, 2016, Bloomberg.com published: “Vedanta’s 132% Bond Return From Abyss Has Funds Expecting More” on September 16, 2016. More interesting news about Vedanta Resources plc (LON:VED) were released by: Moodys.com and their article: “Moody’s: Vedanta Resources plc’s announced buybacks are opportunistic and are …” published on April 05, 2016 as well as Bloomberg.com‘s news article titled: “Vedanta Resources Bonds Rise After Cairn Merger Deal Sweetened” with publication date: July 25, 2016.
Vedanta Resources plc is a natural resources company, which is engaged in exploring, extracting and processing minerals, and gas and oil. The company has a market cap of 2.04 billion GBP. The Firm produces zinc, lead, silver, copper, aluminum, iron ore, gas and oil, and commercial power. It currently has negative earnings. The Company’s activities are located in India, Zambia, Namibia, South Africa, Liberia, Ireland, Australia and the United Arab Emirates.
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