Stephens Reaffirms “Overweight” Rating for Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR)

Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR)‘s stock had its “overweight” rating reissued by equities research analysts at Stephens in a report issued on Friday,Benzinga reports. They currently have a $30.00 target price on the stock. Stephens’ price objective suggests a potential upside of 65.65% from the company’s current price.

Several other research firms have also commented on INR. KeyCorp assumed coverage on shares of Market Vectors Indian Rupee/USD ETN in a research report on Tuesday, February 25th. They set an “overweight” rating and a $26.00 price target for the company. Capital One Financial initiated coverage on shares of Market Vectors Indian Rupee/USD ETN in a research note on Wednesday, February 26th. They issued an “overweight” rating on the stock. Raymond James started coverage on Market Vectors Indian Rupee/USD ETN in a research report on Tuesday, February 25th. They set a “strong-buy” rating and a $30.00 price objective for the company. Bank of America initiated coverage on Market Vectors Indian Rupee/USD ETN in a research report on Tuesday, February 25th. They issued a “buy” rating and a $30.00 target price on the stock. Finally, Royal Bank of Canada initiated coverage on Market Vectors Indian Rupee/USD ETN in a research report on Tuesday, February 25th. They set 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, Market Vectors Indian Rupee/USD ETN has a consensus rating of “Buy” and an average price target of $28.43.

Market Vectors Indian Rupee/USD ETN Stock Performance

Shares of INR opened at $18.11 on Friday. Market Vectors Indian Rupee/USD ETN has a 12 month low of $14.83 and a 12 month high of $23.00. The stock has a fifty day moving average price of $22.84 and a 200 day moving average price of $33.35.

Insider Activity

In related news, Director Steven D. Gray acquired 15,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was bought at an average price of $20.00 per share, for a total transaction of $300,000.00. Following the transaction, the director now owns 15,000 shares of the company’s stock, valued at approximately $300,000. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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.