Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) Coverage Initiated at Stephens

Stephens began coverage on shares of Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) in a note issued to investors on Tuesday, MarketBeat Ratings reports. The firm set an “overweight” rating and a $30.00 price target on the stock. Stephens’ price objective would indicate a potential upside of 60.00% from the company’s current price.

INR has been the topic of several other reports. Royal Bank of Canada started coverage on shares of Market Vectors Indian Rupee/USD ETN in a report on Tuesday. They issued an “outperform” rating and a $30.00 price target on the stock. Bank of America began coverage on shares of Market Vectors Indian Rupee/USD ETN in a research note on Tuesday. They issued a “buy” rating and a $30.00 target price on the stock. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $28.83.

Market Vectors Indian Rupee/USD ETN Stock Down 0.8 %

Shares of INR opened at $18.75 on Tuesday. The business’s 50 day moving average is $32.00 and its two-hundred day moving average is $36.54. Market Vectors Indian Rupee/USD ETN has a 52-week low of $18.09 and a 52-week high of $23.00.

Insiders Place Their Bets

In other Market Vectors Indian Rupee/USD ETN news, Director Steven D. Gray acquired 15,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was acquired at an average price of $20.00 per share, with a total value of $300,000.00. Following the transaction, the director now directly owns 15,000 shares in the company, valued at approximately $300,000. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

About Market Vectors Indian Rupee/USD ETN

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.