Vodafone Group plc (LON:VOD) received a GBX 265 ($3.46) target price from analysts at Goldman Sachs Group Inc. in a research note issued on Tuesday. The brokerage presently has a a “neutral” rating on the cell phone carrier’s stock. Goldman Sachs Group Inc.’s price objective indicates a potential upside of 17.75% from the stock’s previous close.
Other equities research analysts have also issued reports about the company. HSBC set a GBX 245 ($3.20) price objective on Vodafone Group plc and gave the stock a “buy” rating in a research note on Monday, July 25th. Beaufort Securities reissued a “buy” rating on shares of Vodafone Group plc in a research note on Monday, June 13th. Barclays PLC raised their target price on Vodafone Group plc from GBX 255 ($3.33) to GBX 265 ($3.46) and gave the stock an “overweight” rating in a research report on Wednesday, July 13th. Macquarie cut Vodafone Group plc to a “neutral” rating and decreased their target price for the stock from GBX 235 ($3.07) to GBX 225 ($2.94) in a research report on Monday, June 13th. Finally, Haitong Bank reaffirmed a “neutral” rating and issued a GBX 220 ($2.87) target price on shares of Vodafone Group plc in a research report on Friday, September 23rd. Two research 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. Vodafone Group plc currently has an average rating of “Hold” and a consensus target price of GBX 248.30 ($3.24).
Shares of Vodafone Group plc (LON:VOD) opened at 225.05 on Tuesday. Vodafone Group plc has a 1-year low of GBX 197.70 and a 1-year high of GBX 240.10. The firm’s market cap is GBX 59.77 billion. The stock has a 50 day moving average price of GBX 226.13 and a 200-day moving average price of GBX 225.40.
In other news, insider Read,Nick sold 400,000 shares of Vodafone Group plc stock in a transaction dated 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). Also, insider Schellekens,Ronald acquired 114 shares of the company’s stock in a transaction dated Monday, September 12th. The stock was acquired at an average price of GBX 221 ($2.88) per share, for a total transaction 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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