Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) Now Covered by Analysts at KeyCorp

Equities research analysts at KeyCorp began coverage on shares of Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) in a research note issued on Tuesday,Briefing.com Automated Import reports. The firm set an “overweight” rating and a $26.00 price target on the stock. KeyCorp’s price target points to a potential upside of 35.91% from the company’s current price.

Other equities analysts have also issued research reports about the stock. Raymond James initiated coverage on shares of Market Vectors Indian Rupee/USD ETN in a research report on Tuesday. They set a “strong-buy” rating and a $30.00 price target for the company. Bank of America assumed coverage on Market Vectors Indian Rupee/USD ETN in a research report on Tuesday. They set a “buy” rating and a $30.00 price objective for the company. Royal Bank of Canada assumed coverage on Market Vectors Indian Rupee/USD ETN in a report on Tuesday. They issued an “outperform” rating and a $30.00 price objective for the company. Finally, Stephens initiated coverage on Market Vectors Indian Rupee/USD ETN in a research report on Tuesday. They set an “overweight” rating and a $30.00 price target for the company. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $29.20.

Market Vectors Indian Rupee/USD ETN Stock Performance

NYSEARCA:INR opened at $19.13 on Tuesday. Market Vectors Indian Rupee/USD ETN has a 12-month low of $18.47 and a 12-month high of $23.00. The business has a 50 day simple moving average of $32.81 and a 200 day simple moving average of $36.82.

Insider Activity

In other news, Director Steven D. Gray acquired 15,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were bought at an average price of $20.00 per share, with a total value of $300,000.00. Following 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

About Market Vectors Indian Rupee/USD ETN

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.