Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) Now Covered by Analysts at Royal Bank of Canada

Royal Bank of Canada assumed coverage on shares of Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) in a report published on Tuesday, Marketbeat Ratings reports. The firm issued an outperform rating and a $30.00 price target on the stock.

Separately, Bank of America initiated coverage on Market Vectors Indian Rupee/USD ETN in a research report on Tuesday. They issued a “buy” rating and a $30.00 price target for the company. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Market Vectors Indian Rupee/USD ETN has an average rating of “Buy” and a consensus price target of $28.83.

Market Vectors Indian Rupee/USD ETN Trading Down 1.2 %

Shares of NYSEARCA:INR opened at $18.90 on Tuesday. Market Vectors Indian Rupee/USD ETN has a 12-month low of $18.47 and a 12-month high of $23.00. The stock has a fifty day simple moving average of $32.41 and a two-hundred day simple moving average of $36.68.

Insiders Place Their Bets

In other Market Vectors Indian Rupee/USD ETN news, Director Steven D. Gray purchased 15,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were purchased at an average cost of $20.00 per share, with a total value of $300,000.00. Following the completion of the acquisition, the director now directly owns 15,000 shares in the company, valued at $300,000. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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.