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

Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) had its price target trimmed by Citigroup from $27.00 to $23.00 in a report released on Friday morning,Benzinga reports. The firm currently has a buy rating on the stock.

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

Market Vectors Indian Rupee/USD ETN Stock Down 14.8 %

INR stock opened at $14.74 on Friday. The business has a fifty day moving average price of $20.28 and a 200 day moving average price of $32.50. Market Vectors Indian Rupee/USD ETN has a fifty-two week low of $14.36 and a fifty-two week high of $23.00.

Insider Buying and Selling at Market Vectors Indian Rupee/USD ETN

In other Market Vectors Indian Rupee/USD ETN news, Director Steven D. Gray acquired 15,000 shares of the stock in a transaction dated 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 acquisition, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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.