Raymond James Initiates Coverage on Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR)

Research analysts at Raymond James assumed coverage on shares of Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) in a research report issued on Tuesday,Briefing.com Automated Import reports. The firm set a “strong-buy” rating and a $30.00 price target on the stock. Raymond James’ target price points to a potential upside of 56.82% from the company’s previous close.

Several other brokerages also recently issued reports on INR. Royal Bank of Canada began coverage on shares of Market Vectors Indian Rupee/USD ETN in a research report on Tuesday. They set an “outperform” rating and a $30.00 price objective on the stock. Stephens began coverage on Market Vectors Indian Rupee/USD ETN in a report on Tuesday. They set an “overweight” rating and a $30.00 price target on the stock. Finally, Bank of America started coverage on Market Vectors Indian Rupee/USD ETN in a research note on Tuesday. They set a “buy” rating and a $30.00 price objective for the company. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Market Vectors Indian Rupee/USD ETN currently has a consensus rating of “Buy” and an average price target of $29.20.

Market Vectors Indian Rupee/USD ETN Trading Down 2.8 %

Shares of NYSEARCA INR opened at $19.13 on Tuesday. The stock has a 50 day moving average of $32.81 and a two-hundred day moving average of $36.82. Market Vectors Indian Rupee/USD ETN has a twelve month low of $18.47 and a twelve month high of $23.00.

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

In other Market Vectors Indian Rupee/USD ETN news, Director Steven D. Gray bought 15,000 shares of Market Vectors Indian Rupee/USD ETN stock in a transaction on Monday, February 3rd. The stock was bought at an average price of $20.00 per share, with a total value of $300,000.00. Following the completion of the acquisition, the director now owns 15,000 shares in the company, valued at $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 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.