Vodafone Group plc (LON:VOD)‘s stock had its “neutral” rating reaffirmed by analysts at Goldman Sachs Group Inc. in a research report issued on Thursday. They currently have a GBX 265 ($3.46) target price on the cell phone carrier’s stock. Goldman Sachs Group Inc.’s target price indicates a potential upside of 19.41% from the stock’s current price.
Other equities research analysts have also issued research reports about the company. Beaufort Securities reaffirmed a “buy” rating on shares of Vodafone Group plc in a research note on Tuesday, June 7th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 250 ($3.26) target price on shares of Vodafone Group plc in a research note on Thursday, June 2nd. Jefferies Group reaffirmed a “buy” rating and issued a GBX 265 ($3.46) target price on shares of Vodafone Group plc in a research note on Thursday, June 9th. Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 300 ($3.92) target price on shares of Vodafone Group plc in a research note on Friday, June 24th. Finally, HSBC raised Vodafone Group plc to a “buy” rating and upped their target price for the company from GBX 157 ($2.05) to GBX 175 ($2.28) in a research note on Thursday, June 23rd. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have issued a buy rating to the company. Vodafone Group plc has an average rating of “Hold” and an average price target of GBX 246.04 ($3.21).
Shares of Vodafone Group plc (LON:VOD) opened at 221.9307 on Thursday. Vodafone Group plc has a 1-year low of GBX 197.70 and a 1-year high of GBX 240.10. The firm’s 50-day moving average price is GBX 228.79 and its 200 day moving average price is GBX 224.98. The firm’s market cap is GBX 58.94 billion.
In related news, insider Colao,Vittario sold 456,201 shares of the firm’s stock in a transaction that occurred on Tuesday, June 28th. The shares were sold at an average price of GBX 212 ($2.77), for a total transaction of £967,146.12 ($1,262,428.04). Also, insider Schellekens,Ronald bought 114 shares of Vodafone Group plc stock in a transaction that occurred on Monday, September 12th. The shares were acquired at an average price of GBX 221 ($2.88) per share, with a total value of £251.94 ($328.86).
Vodafone Group plc Company Profile
Vodafone Group Plc (Vodafone) is a mobile communications company which provides services to mobile voice, messaging, data and fixed line. The Company’s money transfer service, M-Pesa, enables people in emerging markets, to send and receive money through a mobile phone. The Company also has products such as international money transfer, savings and loans, salary disbursements and access to insurance products in different markets.
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