Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) Receives Consensus Rating of “N/A” from Brokerages

Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) has been assigned an average recommendation of “N/A” from the zero research firms that are covering the firm, MarketBeat Ratings reports.

INR has been the subject of several analyst reports. 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 for the company. KeyCorp assumed coverage on Market Vectors Indian Rupee/USD ETN in a research report on Tuesday, February 25th. They issued an “overweight” rating and a $26.00 price objective for the company. Royal Bank of Canada initiated coverage on Market Vectors Indian Rupee/USD ETN in a research report on Tuesday, February 25th. They issued an “outperform” rating and a $30.00 target price on the stock. Raymond James started coverage on Market Vectors Indian Rupee/USD ETN in a report on Tuesday, February 25th. They set a “strong-buy” rating and a $30.00 price target for the company. Finally, Citigroup started coverage on shares of Market Vectors Indian Rupee/USD ETN in a research report on Tuesday, February 25th. They issued a “buy” rating and a $27.00 target price on the stock.

Market Vectors Indian Rupee/USD ETN Stock Performance

INR stock opened at $18.11 on Friday. Market Vectors Indian Rupee/USD ETN has a 1 year low of $14.83 and a 1 year high of $23.00. The business has a 50 day simple moving average of $23.26 and a 200-day simple moving average of $33.46.

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 on Monday, February 3rd. The shares were bought at an average cost of $20.00 per share, for a total transaction of $300,000.00. Following the completion of the purchase, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $300,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

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.