Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) Price Target Cut to $23.00 by Analysts at Citigroup

Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) had its price objective cut by Citigroup from $27.00 to $23.00 in a report published on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other analysts have also recently commented on the company. Royal Bank of Canada initiated coverage on 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. Raymond James initiated coverage on shares of Market Vectors Indian Rupee/USD ETN in a research report on Tuesday, February 25th. They issued a “strong-buy” rating and a $30.00 target price for the company. Truist Financial began coverage on Market Vectors Indian Rupee/USD ETN in a report on Friday, February 28th. They issued a “buy” rating and a $26.00 price target for the company. Stephens reissued an “overweight” rating and set a $30.00 price target on shares of Market Vectors Indian Rupee/USD ETN in a research report on Friday, March 28th. Finally, Bank of America assumed coverage on shares of Market Vectors Indian Rupee/USD ETN in a research report on Tuesday, February 25th. They set a “buy” rating and a $30.00 price target on the stock. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Market Vectors Indian Rupee/USD ETN currently has a consensus rating of “Buy” and an average price target of $27.71.

Market Vectors Indian Rupee/USD ETN Stock Down 14.8 %

NYSEARCA:INR opened at $14.74 on Friday. Market Vectors Indian Rupee/USD ETN has a one year low of $14.36 and a one year high of $23.00. The firm’s fifty day moving average is $20.28 and its two-hundred day moving average is $32.50.

Insider Activity at Market Vectors Indian Rupee/USD ETN

In other Market Vectors Indian Rupee/USD ETN news, Director Steven D. Gray bought 15,000 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were purchased at an average price of $20.00 per share, with a total value of $300,000.00. Following the purchase, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $300,000. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

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.