Breaking: Credit Suisse Reaffirms GBX 1160.00 Target On Vedanta Resources (LON:VED) Shares, Reaffirms Their Original Outperform Rating

January 31, 2018 - By Kurt Siggers

Vedanta Resources (LON:VED) Rating Reaffirmed

Credit Suisse now has a GBX 1160.00 PT on the 2.32 billion GBP market cap company or 38.33 % upside potential. In analysts report revealed to clients and investors on 29 January, Vedanta Resources (LON:VED) shares have had their Outperform Rating kept by stock research analysts at Credit Suisse.

Vedanta Resources plc (LON:VED) Ratings Coverage

Among 14 analysts covering Vedanta Resources PLC (LON:VED), 5 have Buy rating, 4 Sell and 5 Hold. Therefore 36% are positive. Vedanta Resources PLC has GBX 1500 highest and GBX 150 lowest target. GBX 646.54’s average target is -22.29% below currents GBX 832 stock price. Vedanta Resources PLC had 142 analyst reports since July 23, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Friday, October 30 with “Underperform”. The company was maintained on Monday, April 4 by Deutsche Bank. Barclays Capital maintained the stock with “Underweight” rating in Thursday, November 2 report. The firm has “Buy” rating by Goldman Sachs given on Thursday, January 19. Barclays Capital maintained it with “Overweight” rating and GBX 565 target in Wednesday, October 21 report. The firm has “Underperform” rating given on Friday, January 29 by Credit Suisse. Barclays Capital maintained the stock with “Underweight” rating in Monday, January 9 report. Deutsche Bank maintained it with “Buy” rating and GBX 630 target in Tuesday, August 2 report. The rating was maintained by Jefferies with “Underperform” on Tuesday, August 23. RBC Capital Markets maintained Vedanta Resources plc (LON:VED) on Thursday, January 21 with “Underperform” rating.

The stock decreased 0.79% or GBX 6.6 during the last trading session, reaching GBX 832. About 134,993 shares traded. Vedanta Resources plc (LON:VED) has 0.00% since January 31, 2017 and is . It has underperformed by 16.70% the S&P500.

Vedanta Resources plc operates as a diversified natural resources firm in India, Zambia, South Africa, Namibia, the United Arab Emirates, Ireland, Australia, and Liberia. The company has market cap of 2.32 billion GBP. It primarily produces zinc, lead, silver, copper, iron ore, and aluminum deposits. It currently has negative earnings. The firm also explores for, extracts, and processes minerals, as well as gas and oil.

More recent Vedanta Resources plc (LON:VED) news were published by: Ft.com which released: “Miner Vedanta Resources names Kuldip Kaura interim CEO” on August 30, 2017. Also Ft.com published the news titled: “Vedanta Resources returns to profit” on May 24, 2017. Seekingalpha.com‘s news article titled: “Vedanta Resources’ (VDNRF) CEO Kuldip Kalra on Q2 2018 Results – Earnings Call …” with publication date: November 11, 2017 was also an interesting one.

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