Vodafone Group plc (LON:VOD) had its price target increased by HSBC from GBX 245 ($3.20) to GBX 280 ($3.65) in a research report sent to investors on Tuesday morning. HSBC currently has a buy rating on the cell phone carrier’s stock.
Other equities research analysts also recently issued research reports about the company. Goldman Sachs Group Inc. set a GBX 260 ($3.39) target price on Vodafone Group plc and gave the stock a neutral rating in a research report on Wednesday, June 29th. Beaufort Securities reiterated a buy rating on shares of Vodafone Group plc in a research note on Monday, June 13th. Barclays PLC boosted their price target on Vodafone Group plc from GBX 255 ($3.33) to GBX 265 ($3.46) and gave the stock an overweight rating in a research note on Wednesday, July 13th. Macquarie cut Vodafone Group plc to a neutral rating and cut their price target for the stock from GBX 235 ($3.07) to GBX 225 ($2.94) in a research note on Monday, June 13th. Finally, Haitong Bank reiterated a neutral rating and issued a GBX 210 ($2.74) price target on shares of Vodafone Group plc in a research note on Tuesday, May 31st. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirteen have issued a buy rating to the stock. Vodafone Group plc has an average rating of Hold and an average target price of GBX 247.50 ($3.23).
Vodafone Group plc (LON:VOD) opened at 222.10 on Tuesday. The firm has a 50 day moving average price of GBX 227.35 and a 200 day moving average price of GBX 225.23. The stock’s market capitalization is GBX 58.99 billion. Vodafone Group plc has a 52 week low of GBX 197.70 and a 52 week high of GBX 240.10.
In other Vodafone Group plc news, insider Read,Nick sold 400,000 shares of the stock in a transaction on Friday, July 22nd. The shares were sold at an average price of GBX 235 ($3.07), for a total transaction of £940,000 ($1,226,993.87). Also, insider Schellekens,Ronald bought 114 shares of the stock in a transaction on Monday, September 12th. The shares were acquired at an average cost of GBX 221 ($2.88) per share, for a total transaction of £251.94 ($328.86).
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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