Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) Price Target Lowered to $29.00 at Raymond James

Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) had its price objective trimmed by Raymond James from $30.00 to $29.00 in a research note published on Friday,Benzinga reports. The firm currently has a strong-buy rating on the stock.

Several other analysts have also recently weighed in on INR. Capital One Financial assumed coverage on Market Vectors Indian Rupee/USD ETN in a report on Wednesday, February 26th. They set an “overweight” rating on the stock. Truist Financial assumed coverage on shares of Market Vectors Indian Rupee/USD ETN in a report on Friday, February 28th. They set a “buy” rating and a $26.00 target price on the stock. KeyCorp assumed coverage on shares of Market Vectors Indian Rupee/USD ETN in a research note on Tuesday, February 25th. They set an “overweight” rating and a $26.00 price target for the company. Bank of America initiated 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 price objective on the stock. Finally, Royal Bank of Canada initiated coverage on Market Vectors Indian Rupee/USD ETN in a report on Tuesday, February 25th. They set an “outperform” rating and a $30.00 target price on the stock. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Market Vectors Indian Rupee/USD ETN has a consensus rating of “Buy” and an average price target of $27.71.

Market Vectors Indian Rupee/USD ETN Trading Down 14.8 %

Shares of NYSEARCA:INR opened at $14.74 on Friday. Market Vectors Indian Rupee/USD ETN has a 52-week low of $14.36 and a 52-week high of $23.00. The company has a fifty day moving average of $20.28 and a 200-day moving average of $32.50.

Insider Buying and Selling 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 stock in a transaction on Monday, February 3rd. The stock was acquired 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 owns 15,000 shares in the company, valued at $300,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at 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.