Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) Earns Strong-Buy Rating from Analysts at Raymond James

Raymond James began coverage on shares of Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) in a research note issued to investors on Tuesday, MarketBeat reports. The brokerage issued a strong-buy rating and a $30.00 price objective on the stock.

A number of other analysts have also weighed in on INR. Bank of America started coverage on Market Vectors Indian Rupee/USD ETN in a research note on Tuesday. They issued a “buy” rating and a $30.00 target price for the company. Stephens assumed coverage on shares of Market Vectors Indian Rupee/USD ETN in a report on Tuesday. They set an “overweight” rating and a $30.00 price objective on the stock. Finally, Royal Bank of Canada assumed coverage on shares of Market Vectors Indian Rupee/USD ETN in a research note on Tuesday. They issued an “outperform” rating and a $30.00 target price for the company. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Market Vectors Indian Rupee/USD ETN currently has a consensus rating of “Buy” and a consensus price target of $28.83.

Market Vectors Indian Rupee/USD ETN Stock Down 1.2 %

INR stock opened at $18.90 on Tuesday. The business has a fifty day moving average price of $32.41 and a 200 day moving average price of $36.68. Market Vectors Indian Rupee/USD ETN has a fifty-two week low of $18.47 and a fifty-two week 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 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. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, 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.