Vodafone Group plc (LON:VOD) had its price target cut by HSBC from GBX 280 ($3.65) to GBX 270 ($3.52) in a research report sent to investors on Sunday, StockTargetPrices.com reports. They currently have a buy rating on the cell phone carrier’s stock.
A number of other research firms have also commented on VOD. Jefferies Group increased their price target on Vodafone Group plc from GBX 245 ($3.20) to GBX 260 ($3.39) and gave the stock a buy rating in a research report on Wednesday, August 17th. Barclays PLC reiterated an overweight rating and issued a GBX 265 ($3.46) price objective on shares of Vodafone Group plc in a research report on Monday, July 25th. Goldman Sachs Group Inc. set a GBX 265 ($3.46) price objective on Vodafone Group plc and gave the company a neutral rating in a research report on Monday, July 25th. JPMorgan Chase & Co. set a GBX 300 ($3.92) price objective on Vodafone Group plc and gave the company a buy rating in a research report on Monday, July 25th. Finally, Morgan Stanley set a GBX 280 ($3.65) price objective on Vodafone Group plc and gave the company a buy rating in a research report on Monday, July 25th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the company. The company has a consensus rating of Hold and an average target price of GBX 247.87 ($3.24).
Shares of Vodafone Group plc (LON:VOD) opened at 223.55 on Friday. The firm’s market capitalization is GBX 59.37 billion. The stock’s 50 day moving average price is GBX 225.62 and its 200-day moving average price is GBX 225.41. Vodafone Group plc has a 12 month low of GBX 197.70 and a 12 month high of GBX 240.10.
In other news, insider Schellekens,Ronald acquired 114 shares of Vodafone Group plc stock in a transaction dated Monday, September 12th. The stock was bought at an average price of GBX 221 ($2.88) per share, for a total transaction of £251.94 ($328.86). Also, insider Read,Nick sold 400,000 shares of the business’s stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of GBX 235 ($3.07), for a total value of £940,000 ($1,226,993.87).
About Vodafone Group plc
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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