Citigroup Has Lowered Expectations for Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) Stock Price

Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) had its price objective decreased by Citigroup from $27.00 to $23.00 in a research report sent to investors on Friday morning,Benzinga reports. Citigroup currently has a buy rating on the stock.

INR has been the topic of several other reports. Capital One Financial initiated coverage on Market Vectors Indian Rupee/USD ETN in a report on Wednesday, February 26th. They issued an “overweight” rating on the stock. Truist Financial assumed coverage on shares of Market Vectors Indian Rupee/USD ETN in a research note on Friday, February 28th. They issued a “buy” rating and a $26.00 price target on the stock. KeyCorp began coverage on shares of Market Vectors Indian Rupee/USD ETN in a research note on Tuesday, February 25th. They set an “overweight” rating and a $26.00 price objective for the company. Stephens reaffirmed an “overweight” rating and issued a $30.00 target price on shares of Market Vectors Indian Rupee/USD ETN in a report on Friday, March 28th. Finally, Bank of America initiated coverage on shares of Market Vectors Indian Rupee/USD ETN in a report on Tuesday, February 25th. They set a “buy” rating and a $30.00 price target on the stock. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $27.71.

Market Vectors Indian Rupee/USD ETN Price Performance

Shares of INR opened at $14.74 on Friday. The business’s 50 day moving average price is $20.28 and its 200-day moving average price is $32.41. Market Vectors Indian Rupee/USD ETN has a 52 week low of $14.36 and a 52 week high of $23.00.

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

In other news, Director Steven D. Gray purchased 15,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were purchased at an average cost of $20.00 per share, with a total value of $300,000.00. Following the acquisition, the director now directly owns 15,000 shares of the company’s stock, valued at $300,000. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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.