Can analysts adopt a bullish outlook for Vedanta Resources plc (LON:VED)?

October 2, 2018 - By Peter Erickson

Vedanta Resources plc (LON:VED) Logo

Vedanta Resources plc (LON:VED) Ratings Coverage

Among 5 analysts covering Vedanta Resources PLC (LON:VED), 3 have Buy rating, 1 Sell and 1 Hold. Therefore 60% are positive. Vedanta Resources PLC had 8 analyst reports since April 4, 2018 according to SRatingsIntel. The company was maintained on Wednesday, July 18 by Barclays Capital. The stock of Vedanta Resources plc (LON:VED) has “Buy” rating given on Friday, April 6 by Citigroup. The firm has “Buy” rating given on Tuesday, July 3 by Peel Hunt. The firm has “Overweight” rating given on Friday, May 18 by JP Morgan. On Wednesday, April 4 the stock rating was maintained by JP Morgan with “Overweight”. The rating was upgraded by Morgan Stanley on Friday, June 29 to “Equal Weight”. The firm has “Buy” rating by Citigroup given on Tuesday, July 3. The stock of Vedanta Resources plc (LON:VED) has “Overweight” rating given on Thursday, April 12 by JP Morgan. 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

The stock increased 0.87% or GBX 7.2 during the last trading session, reaching GBX 832.6. About 149,454 shares traded. Vedanta Resources plc (LON:VED) has 0.00% since October 2, 2017 and is . It has underperformed by 15.62% 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 2.37 billion GBP. It primarily produces zinc, lead, silver, copper, iron ore, and aluminum deposits. It has a 10.06 P/E ratio. The firm also explores for, extracts, and processes minerals, as well as gas and oil.

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