KeyCorp Begins Coverage on Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR)

Investment analysts at KeyCorp started coverage on shares of Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) in a research note issued on Tuesday, MarketBeat reports. The firm set an “overweight” rating and a $26.00 price target on the stock. KeyCorp’s target price indicates a potential upside of 38.67% from the company’s current price.

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

Market Vectors Indian Rupee/USD ETN Price Performance

INR opened at $18.75 on Tuesday. The firm has a 50 day moving average of $32.00 and a two-hundred day moving average of $36.54. Market Vectors Indian Rupee/USD ETN has a 12-month low of $18.09 and a 12-month high of $23.00.

Insider Activity

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