Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) Receives Overweight Rating from Stephens

Stephens restated their overweight rating on shares of Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) in a report released on Friday morning,Benzinga reports. Stephens currently has a $30.00 price target on the stock.

Several other research analysts also recently issued reports on the company. KeyCorp began coverage on Market Vectors Indian Rupee/USD ETN in a report on Tuesday, February 25th. They set an “overweight” rating and a $26.00 price objective on the stock. Truist Financial initiated coverage on shares of Market Vectors Indian Rupee/USD ETN in a research note on Friday, February 28th. They set a “buy” rating and a $26.00 price target for the company. Capital One Financial initiated coverage on Market Vectors Indian Rupee/USD ETN in a research report on Wednesday, February 26th. They issued an “overweight” rating on the stock. Citigroup began coverage on Market Vectors Indian Rupee/USD ETN in a report on Tuesday, February 25th. They issued a “buy” rating and a $27.00 price objective for the company. Finally, Royal Bank of Canada started coverage on Market Vectors Indian Rupee/USD ETN in a research note on Tuesday, February 25th. They issued an “outperform” rating and a $30.00 price target for the company. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $28.43.

Market Vectors Indian Rupee/USD ETN Price Performance

Market Vectors Indian Rupee/USD ETN stock opened at $17.98 on Friday. The business’s fifty day moving average is $22.42 and its two-hundred day moving average is $33.24. Market Vectors Indian Rupee/USD ETN has a 52 week low of $14.83 and a 52 week high of $23.00.

Insider Buying and Selling

In other Market Vectors Indian Rupee/USD ETN news, Director Steven D. Gray purchased 15,000 shares of Market Vectors Indian Rupee/USD ETN stock in a transaction that occurred on Monday, February 3rd. The stock was acquired at an average price of $20.00 per share, for a total transaction of $300,000.00. Following the completion of the acquisition, the director now owns 15,000 shares of the company’s stock, valued at approximately $300,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

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.