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

Stephens reiterated their overweight rating on shares of Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) in a research report report published on Friday,Benzinga reports. They currently have a $30.00 price target on the stock.

Several other research analysts also recently weighed in on INR. KeyCorp began coverage on Market Vectors Indian Rupee/USD ETN in a research note on Tuesday, February 25th. They set an “overweight” rating and a $26.00 target price on the stock. Truist Financial initiated coverage on shares of Market Vectors Indian Rupee/USD ETN in a research report on Friday, February 28th. They issued a “buy” rating and a $26.00 price objective for the company. Bank of America assumed coverage on shares of Market Vectors Indian Rupee/USD ETN in a research note on Tuesday, February 25th. They set a “buy” rating and a $30.00 price target on the stock. Royal Bank of Canada started coverage on shares of Market Vectors Indian Rupee/USD ETN in a research note on Tuesday, February 25th. They set an “outperform” rating and a $30.00 price objective for the company. Finally, Raymond James started coverage on shares of Market Vectors Indian Rupee/USD ETN in a report on Tuesday, February 25th. They set a “strong-buy” rating and a $30.00 price objective on the stock. Seven 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 presently has a consensus rating of “Buy” and a consensus target price of $28.43.

Market Vectors Indian Rupee/USD ETN Stock Down 0.7 %

Shares of Market Vectors Indian Rupee/USD ETN stock opened at $17.98 on Friday. Market Vectors Indian Rupee/USD ETN has a 52-week low of $14.83 and a 52-week high of $23.00. The firm’s 50 day moving average price is $22.42 and its 200-day moving average price is $33.16.

Insider Activity at Market Vectors Indian Rupee/USD ETN

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