It’s been a crucial week for Vedanta Resources plc (LON:VED); here’s what analysts have to say.

August 12, 2018 - By Nellie Rakes

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Vedanta Resources plc (LON:VED) Ratings Coverage

Among 6 analysts covering Vedanta Resources PLC (LON:VED), 4 have Buy rating, 1 Sell and 1 Hold. Therefore 67% are positive. Vedanta Resources PLC had 9 analyst reports since March 14, 2018 according to SRatingsIntel. Citigroup maintained Vedanta Resources plc (LON:VED) on Tuesday, July 3 with “Buy” rating. The stock has “Underweight” rating by Barclays Capital on Wednesday, July 18. The firm has “Buy” rating given on Tuesday, July 3 by Peel Hunt. JP Morgan maintained the stock with “Overweight” rating in Wednesday, April 4 report. The stock has “Overweight” rating by JP Morgan on Thursday, April 12. As per Friday, May 18, the company rating was maintained by JP Morgan. Morgan Stanley upgraded the stock to “Equal Weight” rating in Friday, June 29 report. On Wednesday, March 14 the stock rating was maintained by Goldman Sachs with “Buy”. The firm has “Buy” rating given on Friday, April 6 by Citigroup. Below is a list of Vedanta Resources plc (LON:VED) latest ratings and price target changes.

18/07/2018 Broker: Barclays Capital Rating: Underweight Old Target: GBX 675.00 Maintain
03/07/2018 Broker: Peel Hunt Rating: Buy Old Target: GBX 890.00 New Target: GBX 890.00 Maintain
03/07/2018 Broker: Citigroup Rating: Buy Old Target: GBX 980.00 New Target: GBX 890.00 Maintain
29/06/2018 Broker: Morgan Stanley Rating: Equal Weight Old Target: GBX 848.00 Upgrade
18/05/2018 Broker: JP Morgan Rating: Overweight Old Target: GBX 1000.00 New Target: GBX 1050.00 Reiteration
12/04/2018 Broker: JP Morgan Rating: Overweight Maintain
06/04/2018 Broker: Citigroup Rating: Buy New Target: GBX 980.00 Maintain
04/04/2018 Broker: JP Morgan Rating: Overweight Old Target: GBX 700.00 Maintain
14/03/2018 Broker: Goldman Sachs Rating: Buy Old Target: GBX 940.00 New Target: GBX 950.00 Maintain

The stock increased 0.60% or GBX 5 during the last trading session, reaching GBX 838. About 1.07 million shares traded. Vedanta Resources plc (LON:VED) has 0.00% since August 12, 2017 and is . It has underperformed by 12.57% 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 2.36 billion GBP. It primarily produces zinc, lead, silver, copper, iron ore, and aluminum deposits. It has a 10.12 P/E ratio. The firm also explores for, extracts, and processes minerals, as well as gas and oil.

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