Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) Research Coverage Started at Royal Bank of Canada

Royal Bank of Canada initiated 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 an outperform rating and a $30.00 price objective on the stock.

Separately, Bank of America began coverage on shares of Market Vectors Indian Rupee/USD ETN in a research note on Tuesday. They issued a “buy” rating and a $30.00 price target on the stock. Six research 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, the stock currently 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 Market Vectors Indian Rupee/USD ETN stock opened at $18.14 on Tuesday. Market Vectors Indian Rupee/USD ETN has a fifty-two week low of $17.82 and a fifty-two week high of $23.00. The company has a fifty day moving average of $31.58 and a 200 day moving average of $36.41.

Insider Activity at Market Vectors Indian Rupee/USD ETN

In other Market Vectors Indian Rupee/USD ETN news, Director Steven D. Gray acquired 15,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was bought at an average price of $20.00 per share, for a total transaction of $300,000.00. Following the acquisition, the director now directly owns 15,000 shares in the company, valued at $300,000. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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.