Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) Now Covered by Analysts at KeyCorp

KeyCorp started coverage on shares of Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) in a research note released on Tuesday morning, Marketbeat.com reports. The firm issued an overweight rating and a $26.00 price objective on the stock.

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

Market Vectors Indian Rupee/USD ETN Stock Performance

Shares of INR stock opened at $18.90 on Tuesday. The business has a 50-day moving average of $32.41 and a 200 day moving average of $36.68. Market Vectors Indian Rupee/USD ETN has a 1-year low of $18.47 and a 1-year high of $23.00.

Insider Activity

In other Market Vectors Indian Rupee/USD ETN news, Director Steven D. Gray bought 15,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were purchased at an average price of $20.00 per share, for a total transaction of $300,000.00. Following the acquisition, the director now owns 15,000 shares in the company, valued at approximately $300,000. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

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.