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

Research analysts at Truist Financial began coverage on shares of Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) in a research note issued on Friday, MarketBeat Ratings reports. The brokerage set a “buy” rating and a $26.00 price target on the stock. Truist Financial’s price objective would suggest a potential upside of 44.61% from the company’s previous close.

Several other research firms also recently weighed in on INR. Bank of America began coverage on shares of Market Vectors Indian Rupee/USD ETN in a research report on Tuesday, February 25th. They issued a “buy” rating and a $30.00 target price on the stock. Raymond James began coverage on shares of Market Vectors Indian Rupee/USD ETN in a research report on Tuesday, February 25th. They issued a “strong-buy” rating and a $30.00 target price on the stock. KeyCorp began coverage on shares of Market Vectors Indian Rupee/USD ETN in a research report on Tuesday, February 25th. They issued an “overweight” rating and a $26.00 target price on the stock. Capital One Financial began coverage on shares of Market Vectors Indian Rupee/USD ETN in a research report on Wednesday. They issued an “overweight” rating on the stock. Finally, Citigroup began coverage on shares of Market Vectors Indian Rupee/USD ETN in a research report on Tuesday, February 25th. They issued a “buy” rating and a $27.00 target price on the stock. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $28.43.

Market Vectors Indian Rupee/USD ETN Stock Down 0.9 %

NYSEARCA INR opened at $17.98 on Friday. The company has a 50-day simple moving average of $31.16 and a 200-day simple moving average of $36.26. Market Vectors Indian Rupee/USD ETN has a one year low of $17.32 and a one year high of $23.00.

Insider Transactions at Market Vectors Indian Rupee/USD ETN

In related news, Director Steven D. Gray bought 15,000 shares of the business’s stock in a transaction that occurred 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 purchase, the director now directly owns 15,000 shares in the company, valued at $300,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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.