Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) Now Covered by Truist Financial

Truist Financial started coverage on shares of Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) in a research note issued on Friday,Briefing.com Automated Import reports. The firm set a “buy” rating and a $26.00 price target on the stock. Truist Financial’s price objective points to a potential upside of 43.33% from the company’s current price.

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

Market Vectors Indian Rupee/USD ETN Stock Down 3.3 %

INR opened at $18.14 on Friday. The firm’s 50-day simple moving average is $31.58 and its 200-day simple moving average is $36.41. Market Vectors Indian Rupee/USD ETN has a twelve month low of $17.82 and a twelve month high of $23.00.

Insiders Place Their Bets

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