Vodafone Group plc (LON:VOD) has been assigned a GBX 310 ($4.05) target price by investment analysts at Deutsche Bank AG in a report issued on Thursday. The brokerage currently has a a “buy” rating on the cell phone carrier’s stock. Deutsche Bank AG’s price target points to a potential upside of 39.68% from the company’s current price.
Other equities research analysts have also issued reports about the stock. Citigroup Inc. set a GBX 240 ($3.13) price target on shares of Vodafone Group plc and gave the company a “buy” rating in a research note on Monday, June 27th. Beaufort Securities reiterated a “buy” rating on shares of Vodafone Group plc in a research note on Tuesday, June 7th. Berenberg Bank reiterated a “buy” rating and issued a GBX 250 ($3.26) price target on shares of Vodafone Group plc in a research note on Thursday, June 2nd. Jefferies Group reiterated a “buy” rating and issued a GBX 265 ($3.46) price target on shares of Vodafone Group plc in a research note on Thursday, June 9th. Finally, HSBC upgraded shares of Vodafone Group plc to a “buy” rating and lifted their price target for the company from GBX 157 ($2.05) to GBX 175 ($2.28) in a research note on Thursday, June 23rd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have given a buy rating to the company. The company 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. The company’s market cap is GBX 58.94 billion. The company has a 50 day moving average of GBX 228.79 and a 200 day moving average of GBX 224.98. Vodafone Group plc has a 1-year low of GBX 197.70 and a 1-year 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 shares were bought at an average cost of GBX 221 ($2.88) per share, with a total value of £251.94 ($328.86). Also, insider Colao,Vittario sold 456,201 shares of the company’s stock in a transaction 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).
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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