Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) Research Coverage Started at Citigroup

Citigroup started coverage on shares of Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) in a research note released on Tuesday morning, MarketBeat reports. The brokerage issued a buy rating and a $27.00 price objective on the stock.

INR has been the subject of several other research reports. Stephens initiated coverage on shares of Market Vectors Indian Rupee/USD ETN in a report on Tuesday. They set an “overweight” rating and a $30.00 target price for the company. KeyCorp began coverage on Market Vectors Indian Rupee/USD ETN in a research note on Tuesday. They set an “overweight” rating and a $26.00 price objective for the company. Raymond James assumed coverage on Market Vectors Indian Rupee/USD ETN in a research note on Tuesday. They issued a “strong-buy” rating and a $30.00 target price on the stock. Bank of America assumed coverage on Market Vectors Indian Rupee/USD ETN in a research report on Tuesday. They set a “buy” rating and a $30.00 price target for the company. Finally, Royal Bank of Canada initiated coverage on Market Vectors Indian Rupee/USD ETN in a research report on Tuesday. They issued an “outperform” rating and a $30.00 price objective on the stock. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Market Vectors Indian Rupee/USD ETN presently has an average rating of “Buy” and a consensus price target of $28.83.

Market Vectors Indian Rupee/USD ETN Stock Down 3.3 %

Shares of INR opened at $18.14 on Tuesday. The stock has a 50-day moving average of $31.58 and a two-hundred day moving average of $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 Activity

In other news, Director Steven D. Gray acquired 15,000 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was bought at an average cost of $20.00 per share, for a total transaction of $300,000.00. Following the purchase, the director now owns 15,000 shares in the company, valued at approximately $300,000. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal 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.