VALE S.A. BOOSTED TO OVERWEIGHT BY BARCLAYS PLC
Date:May 24, 2018
VALE has been the subject of a number of other reports. Itau BBA Securities raised Vale from a market perform rating to an outperform rating in a report on Thursday, October 20th. Vetr raised Vale from a buy rating to a strong-buy rating and set a $8.23 price target for the company in a research note on Tuesday, October 18th. J P Morgan Chase & Co raised Vale from a neutral rating to an overweight rating and set a $7.00 price target for the company in a research note on Monday, September 12th. Sanford C. Bernstein reaffirmed an outperform rating on shares of Vale in a research note on Thursday, September 22nd. Finally, Citigroup Inc. raised Vale from a sell rating to a neutral rating and increased their price target for the company from $4.40 to $7.30 in a research note on Tuesday, November 1st. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $6.66.
Vale (NYSE:VALE) opened at 9.44 on Monday. Vale has a 12-month low of $2.13 and a 12-month high of $9.55. The firm’s market capitalization is $48.65 billion. The stock has a 50 day moving average price of $8.38 and a 200-day moving average price of $6.48.
