Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) Now Covered by Analysts at Royal Bank of Canada

Royal Bank of Canada started coverage on shares of Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) in a research note published on Tuesday, MarketBeat Ratings reports. The brokerage issued an outperform rating and a $30.00 price target on the stock.

Separately, Bank of America began coverage on Market Vectors Indian Rupee/USD ETN in a research note on Tuesday. They issued a “buy” rating and a $30.00 target price on the stock. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Market Vectors Indian Rupee/USD ETN presently has a consensus rating of “Buy” and an average target price of $28.83.

Market Vectors Indian Rupee/USD ETN Stock Performance

Market Vectors Indian Rupee/USD ETN stock opened at $18.14 on Tuesday. Market Vectors Indian Rupee/USD ETN has a twelve month low of $17.82 and a twelve month high of $23.00. The business has a fifty day moving average of $31.58 and a two-hundred day moving average of $36.41.

Insider Buying and Selling

In other Market Vectors Indian Rupee/USD ETN news, Director Steven D. Gray purchased 15,000 shares of the stock in a transaction on Monday, February 3rd. The stock was acquired 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. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed 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.