Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) Earns Overweight Rating from Stephens

Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR)‘s stock had its “overweight” rating reissued by equities research analysts at Stephens in a research note issued on Friday,Benzinga reports. They currently have a $30.00 target price on the stock. Stephens’ target price suggests a potential upside of 66.85% from the stock’s current price.

INR has been the topic of several other research reports. Bank of America began coverage on Market Vectors Indian Rupee/USD ETN in a report on Tuesday, February 25th. They issued a “buy” rating and a $30.00 price objective on the stock. Citigroup began coverage on Market Vectors Indian Rupee/USD ETN in a research note on Tuesday, February 25th. They issued a “buy” rating and a $27.00 price target on the stock. KeyCorp started coverage on 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. Raymond James assumed coverage on shares of Market Vectors Indian Rupee/USD ETN in a research note on Tuesday, February 25th. They issued a “strong-buy” rating and a $30.00 target price on the stock. Finally, Capital One Financial began coverage on shares of Market Vectors Indian Rupee/USD ETN in a research report on Wednesday, February 26th. They set an “overweight” rating for the company. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $28.43.

Market Vectors Indian Rupee/USD ETN Stock Down 0.7 %

INR stock opened at $17.98 on Friday. The firm’s fifty day moving average is $22.42 and its 200 day moving average is $33.20. Market Vectors Indian Rupee/USD ETN has a 52 week low of $14.83 and a 52 week high of $23.00.

Insiders Place Their Bets

In other news, Director Steven D. Gray purchased 15,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 15,000 shares of the company’s stock, valued at $300,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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.