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

Stephens initiated coverage on shares of Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) in a research report report published on Tuesday, MarketBeat reports. The brokerage issued an overweight rating and a $30.00 target price on the stock.

Other equities analysts have also issued research reports about the company. Royal Bank of Canada began coverage on Market Vectors Indian Rupee/USD ETN in a report on Tuesday. They issued an “outperform” rating and a $30.00 target price on the stock. Bank of America started coverage on Market Vectors Indian Rupee/USD ETN in a research report on Tuesday. They set a “buy” rating and a $30.00 price objective for the company. 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, the company presently has an average rating of “Buy” and a consensus price target of $28.83.

Market Vectors Indian Rupee/USD ETN Trading Down 1.2 %

NYSEARCA INR opened at $18.90 on Tuesday. Market Vectors Indian Rupee/USD ETN has a 52 week low of $18.47 and a 52 week high of $23.00. The firm has a 50 day moving average of $32.41 and a two-hundred day moving average of $36.68.

Insider Activity at Market Vectors Indian Rupee/USD ETN

In other news, Director Steven D. Gray purchased 15,000 shares of the company’s stock in a transaction that occurred on 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 purchase, the director now directly owns 15,000 shares of the company’s stock, valued at $300,000. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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.