Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) Price Target Lowered to $29.00 at Raymond James

Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) had its price objective cut by Raymond James from $30.00 to $29.00 in a research note published on Friday morning,Benzinga reports. They currently have a strong-buy rating on the stock.

INR has been the topic of a number of other reports. Citigroup lowered their price objective on Market Vectors Indian Rupee/USD ETN from $27.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday. Bank of America initiated 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 assumed coverage on shares of Market Vectors Indian Rupee/USD ETN in a research note on Tuesday, February 25th. They issued an “outperform” rating and a $30.00 price objective for the company. KeyCorp started coverage on Market Vectors Indian Rupee/USD ETN in a research report on Tuesday, February 25th. They set an “overweight” rating and a $26.00 target price on the stock. Finally, Truist Financial initiated coverage on Market Vectors Indian Rupee/USD ETN in a report on Friday, February 28th. They set a “buy” rating and a $26.00 price objective on the stock. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $27.71.

Market Vectors Indian Rupee/USD ETN Price Performance

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

Insider Transactions at Market Vectors Indian Rupee/USD ETN

In other news, Director Steven D. Gray bought 15,000 shares of the business’s 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 purchase, the director now directly owns 15,000 shares in the company, valued at $300,000. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, 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.