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

Equities researchers at Citigroup began coverage on shares of Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) in a report issued on Tuesday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $27.00 price target on the stock. Citigroup’s price objective points to a potential upside of 41.14% from the stock’s current price.

INR has been the topic of a number of other reports. 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. Stephens began coverage on shares of Market Vectors Indian Rupee/USD ETN in a research report on Tuesday. They issued an “overweight” rating and a $30.00 price target on the stock. Royal Bank of Canada initiated coverage on Market Vectors Indian Rupee/USD ETN in a report on Tuesday. They set an “outperform” rating and a $30.00 price objective for the company. KeyCorp started coverage on Market Vectors Indian Rupee/USD ETN in a research note on Tuesday. They issued an “overweight” rating and a $26.00 price objective for the company. Finally, Raymond James began coverage on Market Vectors Indian Rupee/USD ETN in a research report on Tuesday. They set a “strong-buy” rating and a $30.00 target price on the stock. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Market Vectors Indian Rupee/USD ETN presently has a consensus rating of “Buy” and an average target price of $28.83.

Market Vectors Indian Rupee/USD ETN Trading Down 2.8 %

Shares of INR opened at $19.13 on Tuesday. The business’s fifty day moving average is $32.81 and its 200 day moving average is $36.82. Market Vectors Indian Rupee/USD ETN has a 12-month low of $18.47 and a 12-month high of $23.00.

Insiders Place Their Bets

In related news, Director Steven D. Gray acquired 15,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was bought at an average cost of $20.00 per share, with a total value of $300,000.00. Following the acquisition, the director now owns 15,000 shares of the company’s stock, valued at approximately $300,000. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

About Market Vectors Indian Rupee/USD ETN

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.