Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) Shares Gap Down – What’s Next?

Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $18.83, but opened at $18.15. Market Vectors Indian Rupee/USD ETN shares last traded at $18.15, with a volume of 365 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. KeyCorp reduced their target price on shares of Market Vectors Indian Rupee/USD ETN from $26.00 to $24.00 and set an “overweight” rating on the stock in a research note on Monday, April 21st. Capital One Financial began coverage on Market Vectors Indian Rupee/USD ETN in a report on Wednesday, February 26th. They set an “overweight” rating for the company. Raymond James lowered their target price on shares of Market Vectors Indian Rupee/USD ETN from $30.00 to $29.00 and set a “strong-buy” rating for the company in a report on Friday, April 4th. Royal Bank of Canada started coverage on shares of Market Vectors Indian Rupee/USD ETN in a research note on Tuesday, February 25th. They set an “outperform” rating and a $30.00 price objective on the stock. Finally, Truist Financial initiated coverage on shares of Market Vectors Indian Rupee/USD ETN in a report on Friday, February 28th. They issued a “buy” rating and a $26.00 price target for the company. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Market Vectors Indian Rupee/USD ETN has a consensus rating of “Buy” and a consensus price target of $26.88.

Market Vectors Indian Rupee/USD ETN Price Performance

The business’s 50-day moving average price is $16.75 and its two-hundred day moving average price is $24.17.

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.