Citigroup Initiates Coverage on Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR)

Citigroup assumed coverage on shares of Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) in a research note issued on Tuesday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $27.00 price target on the stock. Citigroup’s price target would indicate a potential upside of 41.14% from the stock’s current price.

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

Market Vectors Indian Rupee/USD ETN Stock Performance

Shares of NYSEARCA INR opened at $19.13 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 fifty day moving average is $32.81 and its 200 day moving average is $36.82.

Insider Buying and Selling 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 the firm’s stock in a transaction on Monday, February 3rd. The stock was purchased at an average cost of $20.00 per share, for a total transaction of $300,000.00. Following the transaction, the director now owns 15,000 shares in the company, valued at $300,000. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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.