Citigroup initiated coverage on shares of Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR – Free Report) in a research note released on Tuesday morning, MarketBeat.com reports. The brokerage issued a buy rating and a $27.00 price objective on the stock.
A number of other equities analysts have also recently weighed in on the company. KeyCorp began coverage on Market Vectors Indian Rupee/USD ETN in a report on Tuesday. They set an “overweight” rating and a $26.00 price target for the company. Bank of America assumed coverage on shares of Market Vectors Indian Rupee/USD ETN in a research report on Tuesday. They set a “buy” rating and a $30.00 price target for the company. Stephens began coverage on shares of Market Vectors Indian Rupee/USD ETN in a research note on Tuesday. They issued an “overweight” rating and a $30.00 price target on the stock. Royal Bank of Canada began coverage on shares of Market Vectors Indian Rupee/USD ETN in a research report on Tuesday. They set an “outperform” rating and a $30.00 price objective for the company. Finally, Raymond James initiated coverage on Market Vectors Indian Rupee/USD ETN in a research report on Tuesday. They issued a “strong-buy” rating and a $30.00 target price on the stock. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $28.83.
View Our Latest Analysis on Market Vectors Indian Rupee/USD ETN
Market Vectors Indian Rupee/USD ETN Trading Down 3.3 %
INR opened at $18.14 on Tuesday. Market Vectors Indian Rupee/USD ETN has a one year low of $17.82 and a one year high of $23.00. The business’s 50 day moving average price is $31.58 and its 200 day moving average price is $36.41.
Insiders Place Their Bets
In other news, Director Steven D. Gray bought 15,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were purchased at an average cost of $20.00 per share, for a total transaction of $300,000.00. Following the completion of the purchase, the director now owns 15,000 shares of the company’s stock, valued at approximately $300,000. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Market Vectors Indian Rupee/USD ETN Company Profile
International Consolidated Airlines Group, SA, together with its subsidiaries, engages in the provision of passenger and cargo transportation services in the United Kingdom, Spain, Ireland, the United States, and rest of the world. The company operates under the British Airways, Iberia, Vueling, Aer Lingus, and LEVEL brands.
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