Capital One Financial Begins Coverage on Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR)

Research analysts at Capital One Financial started coverage on shares of Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) in a research report issued on Wednesday, Marketbeat.com reports. The brokerage set an “overweight” rating on the stock.

Other analysts have also recently issued reports about the stock. Royal Bank of Canada began coverage on shares of Market Vectors Indian Rupee/USD ETN in a report on Tuesday. They set an “outperform” rating and a $30.00 target price on the stock. Stephens began coverage on shares of Market Vectors Indian Rupee/USD ETN in a research report on Tuesday. They set an “overweight” rating and a $30.00 price objective for the company. KeyCorp initiated coverage on shares of Market Vectors Indian Rupee/USD ETN in a report on Tuesday. They issued an “overweight” rating and a $26.00 target price on the stock. Raymond James started coverage on Market Vectors Indian Rupee/USD ETN in a report on Tuesday. They set a “strong-buy” rating and a $30.00 target price for the company. Finally, Citigroup started coverage on Market Vectors Indian Rupee/USD ETN in a research report on Tuesday. They set a “buy” rating and a $27.00 price target on the stock. Six investment 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, the company has an average rating of “Buy” and a consensus price target of $28.83.

Market Vectors Indian Rupee/USD ETN Trading Down 3.3 %

Shares of NYSEARCA INR opened at $18.14 on Wednesday. Market Vectors Indian Rupee/USD ETN has a twelve month low of $17.82 and a twelve month high of $23.00. The business has a 50 day simple moving average of $31.58 and a 200-day simple moving average of $36.41.

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

In related news, Director Steven D. Gray acquired 15,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was bought at an average price of $20.00 per share, for a total transaction of $300,000.00. Following the transaction, the director now 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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.