Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) Coverage Initiated by Analysts at Citigroup

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

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

Market Vectors Indian Rupee/USD ETN Stock Performance

NYSEARCA INR opened at $18.90 on Tuesday. Market Vectors Indian Rupee/USD ETN has a 52 week low of $18.47 and a 52 week high of $23.00. The stock’s 50 day moving average price is $32.41 and its two-hundred day moving average price is $36.68.

Insider Transactions at Market Vectors Indian Rupee/USD ETN

In other Market Vectors Indian Rupee/USD ETN news, Director Steven D. Gray purchased 15,000 shares of Market Vectors Indian Rupee/USD ETN stock in a transaction that occurred on Monday, February 3rd. The stock was acquired at an average price of $20.00 per share, for a total transaction of $300,000.00. Following the completion of the acquisition, the director now 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 filing with the SEC, which is accessible 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.