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

Stephens initiated coverage on shares of Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) in a report issued on Tuesday, MarketBeat reports. The firm issued an overweight rating and a $30.00 target price on the stock.

Several other research firms also recently commented on INR. Royal Bank of Canada started coverage on Market Vectors Indian Rupee/USD ETN in a research note on Tuesday. They set an “outperform” rating and a $30.00 price objective for the company. Bank of America started coverage on Market Vectors Indian Rupee/USD ETN in a report on Tuesday. They issued a “buy” rating and a $30.00 target price on the stock. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $28.83.

Market Vectors Indian Rupee/USD ETN Stock Performance

NYSEARCA INR opened at $18.14 on Tuesday. The firm’s fifty day moving average is $31.58 and its two-hundred day moving average is $36.41. Market Vectors Indian Rupee/USD ETN has a one year low of $17.82 and a one year high of $23.00.

Insider Buying and Selling at Market Vectors Indian Rupee/USD ETN

In other news, Director Steven D. Gray bought 15,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were bought at an average cost of $20.00 per share, for a total transaction of $300,000.00. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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.