Market Vectors Indian Rupee/USD ETN’s (INR) Overweight Rating Reiterated at Stephens

Stephens reiterated their overweight rating on shares of Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) in a research report released on Friday,Benzinga reports. Stephens currently has a $30.00 price target on the stock.

INR has been the topic of several other research reports. KeyCorp initiated coverage on Market Vectors Indian Rupee/USD ETN in a report on Tuesday, February 25th. They issued an “overweight” rating and a $26.00 price objective on the stock. Raymond James initiated coverage on Market Vectors Indian Rupee/USD ETN in a research note on Tuesday, February 25th. They set a “strong-buy” rating and a $30.00 price objective for the company. Bank of America assumed coverage on shares of Market Vectors Indian Rupee/USD ETN in a research note on Tuesday, February 25th. They issued a “buy” rating and a $30.00 target price on the stock. Royal Bank of Canada began coverage on shares of Market Vectors Indian Rupee/USD ETN in a research report on Tuesday, February 25th. They set an “outperform” rating and a $30.00 price target for the company. Finally, Citigroup initiated 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 price objective on the stock. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $28.43.

Market Vectors Indian Rupee/USD ETN Price Performance

Shares of NYSEARCA INR opened at $17.98 on Friday. The business has a 50-day moving average of $22.42 and a 200-day moving average of $33.16. Market Vectors Indian Rupee/USD ETN has a 12 month low of $14.83 and a 12 month high of $23.00.

Insiders Place Their Bets

In other Market Vectors Indian Rupee/USD ETN news, Director Steven D. Gray bought 15,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were purchased at an average cost of $20.00 per share, for a total transaction of $300,000.00. Following the transaction, the director now owns 15,000 shares of the company’s stock, valued at $300,000. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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.