Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) Price Target Lowered to $24.00 at KeyCorp

Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) had its price target reduced by KeyCorp from $26.00 to $24.00 in a report issued on Monday morning,Benzinga reports. KeyCorp currently has an overweight rating on the stock.

Several other research analysts also recently weighed in on INR. Citigroup cut their target price on shares of Market Vectors Indian Rupee/USD ETN from $27.00 to $23.00 and set a “buy” rating for the company in a research note on Friday, April 4th. 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 for the company. Bank of America initiated coverage on Market Vectors Indian Rupee/USD ETN in a research report on Tuesday, February 25th. They issued a “buy” rating and a $30.00 price objective for the company. Capital One Financial assumed coverage on Market Vectors Indian Rupee/USD ETN in a research note on Wednesday, February 26th. They issued an “overweight” rating on the stock. Finally, Raymond James dropped their price objective on shares of Market Vectors Indian Rupee/USD ETN from $30.00 to $29.00 and set a “strong-buy” rating for the company in a research note on Friday, April 4th. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $27.43.

Market Vectors Indian Rupee/USD ETN Stock Performance

Shares of INR stock opened at $15.03 on Monday. Market Vectors Indian Rupee/USD ETN has a fifty-two week low of $13.64 and a fifty-two week high of $23.00. The business has a fifty day simple moving average of $17.39 and a 200-day simple moving average of $30.33.

Insider Transactions at Market Vectors Indian Rupee/USD ETN

In other news, Director Steven D. Gray acquired 15,000 shares of Market Vectors Indian Rupee/USD ETN stock in a transaction that occurred on Monday, February 3rd. The shares were purchased at an average cost of $20.00 per share, for a total transaction of $300,000.00. Following the completion of the purchase, the director now directly owns 15,000 shares of the company’s stock, valued at $300,000. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible 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.