The stock of Vedanta Resources plc (LON:VED) is a huge mover today! The stock increased 0.74% or GBX 6.31 on November 23, hitting GBX 858.81. About 682,198 shares traded hands. Vedanta Resources plc (LON:VED) has risen 108.74% since April 26, 2016 and is uptrending. It has outperformed by 103.41% the S&P500.
The move comes after 6 months positive chart setup for the GBX 2.35B company. It was reported on Nov, 23 by Barchart.com. We have GBX 918.93 PT which if reached, will make LON:VED worth GBX 164.50 million 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. GBX 1300 is the highest target while GBX 150 is the lowest. The GBX 565 average target is -34.21% below today’s (GBX 858.81) stock price. Vedanta Resources PLC has been the topic of 105 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The rating was maintained by Deutsche Bank with “Buy” on Tuesday, October 11. As per Tuesday, November 10, the company rating was downgraded by Barclays Capital. Deutsche Bank maintained Vedanta Resources plc (LON:VED) on Tuesday, August 9 with “Buy” rating. On Thursday, March 31 the stock rating was maintained by Deutsche Bank with “Hold”. The firm has “Underperform” rating by Credit Suisse given on Thursday, June 30. On Monday, August 1 the stock rating was maintained by Canaccord Genuity with “Hold”. Bank of America maintained Vedanta Resources plc (LON:VED) on Wednesday, November 25 with “Underperform” rating. Barclays Capital maintained it with “Underweight” rating and GBX 320 target price in Thursday, May 5 report. The company was maintained on Friday, June 24 by Deutsche Bank. As per Thursday, July 7, the company rating was maintained by Jefferies.
More important 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 Bloomberg.com published article titled: “Vedanta’s 132% Bond Return From Abyss Has Funds Expecting More”, Moodys.com published: “Moody’s upgrades Vedanta Resources’ CFR to B1 from B2; outlook stable” on September 13, 2016. More interesting news about Vedanta Resources plc (LON:VED) was released by: Moodys.com and their article: “Moody’s: Vedanta Resources plc’s announced buybacks are opportunistic and are …” with publication date: April 05, 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 2.35 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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