Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) Coverage Initiated by Analysts at Stephens

Investment analysts at Stephens began coverage on shares of Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) in a note issued to investors on Tuesday,Briefing.com Automated Import reports. The firm set an “overweight” rating and a $30.00 price target on the stock. Stephens’ price target would indicate a potential upside of 56.82% from the company’s current price.

Several other research firms have also recently issued reports on INR. 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 on the stock. Bank of America began coverage on Market Vectors Indian Rupee/USD ETN in a research report on Tuesday. They issued a “buy” rating and a $30.00 target price on the stock. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $29.20.

Market Vectors Indian Rupee/USD ETN Price Performance

Market Vectors Indian Rupee/USD ETN stock opened at $19.13 on Tuesday. Market Vectors Indian Rupee/USD ETN has a 1 year low of $18.47 and a 1 year high of $23.00. The company’s fifty day moving average price is $32.81 and its 200 day moving average price is $36.82.

Insider Activity at Market Vectors Indian Rupee/USD ETN

In related news, Director Steven D. Gray purchased 15,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was purchased at an average price of $20.00 per share, with a total value of $300,000.00. Following the completion of the acquisition, the director now owns 15,000 shares in the company, valued at $300,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, 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.