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

Analysts at Truist Financial began coverage on shares of Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) in a report 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 would suggest a potential upside of 43.33% from the company’s current price.

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

Market Vectors Indian Rupee/USD ETN Trading Down 3.3 %

Shares of NYSEARCA INR opened at $18.14 on Friday. The company has a 50-day moving average price of $31.58 and a 200-day moving average price of $36.41. Market Vectors Indian Rupee/USD ETN has a 1 year low of $17.82 and a 1 year high of $23.00.

Insider Buying and Selling

In other Market Vectors Indian Rupee/USD ETN news, Director Steven D. Gray acquired 15,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $300,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

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.