Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) Price Target Raised to $18.00

Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) had its price objective upped by stock analysts at Roth Capital from $17.00 to $18.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Roth Capital’s target price would suggest a potential upside of 21.95% from the stock’s previous close.

INR has been the subject of several other research reports. KeyCorp reduced their target price on shares of Market Vectors Indian Rupee/USD ETN from $22.00 to $19.00 and set an “overweight” rating for the company in a report on Wednesday, November 12th. Raymond James Financial restated a “strong-buy” rating and set a $23.00 price objective (down from $29.00) on shares of Market Vectors Indian Rupee/USD ETN in a research note on Monday, September 15th. Finally, Citigroup decreased their price objective on Market Vectors Indian Rupee/USD ETN from $21.00 to $18.00 and set a “buy” rating for the company in a report on Monday, September 29th.

Market Vectors Indian Rupee/USD ETN Stock Performance

NYSEARCA INR traded up $0.39 during trading on Tuesday, hitting $14.76. The stock had a trading volume of 265,084 shares, compared to its average volume of 351,749. Market Vectors Indian Rupee/USD ETN has a 12 month low of $11.13 and a 12 month high of $23.00. The company’s 50-day moving average price is $12.70 and its two-hundred day moving average price is $14.45. The company has a market capitalization of $898.56 million and a PE ratio of -33.55.

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.