Vodafone Group plc (LON:VOD)‘s stock had its “neutral” rating reissued by investment analysts at Goldman Sachs Group Inc. in a research note issued on Wednesday. They presently have a GBX 275 ($3.40) price objective on the cell phone carrier’s stock. Goldman Sachs Group Inc.’s price target would suggest a potential upside of 22.82% from the company’s current price.
Other equities analysts also recently issued research reports about the stock. Deutsche Bank AG restated a “buy” rating and issued a GBX 300 ($3.71) price target on shares of Vodafone Group plc in a research note on Wednesday, June 15th. Jefferies Group dropped their price target on shares of Vodafone Group plc from GBX 265 ($3.28) to GBX 245 ($3.03) and set a “buy” rating for the company in a research note on Tuesday, June 21st. HSBC upgraded shares of Vodafone Group plc to a “buy” rating and boosted their price target for the stock from GBX 157 ($1.94) to GBX 175 ($2.17) in a research note on Thursday, June 23rd. Independent Research GmbH set a GBX 210 ($2.60) price target on shares of Vodafone Group plc and gave the stock a “neutral” rating in a research note on Friday, June 24th. Finally, Citigroup Inc. set a GBX 240 ($2.97) price target on shares of Vodafone Group plc and gave the stock a “buy” rating in a research note on Monday, June 27th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of GBX 248.30 ($3.07).
Vodafone Group plc (LON:VOD) opened at 223.90 on Wednesday. The company has a 50-day moving average price of GBX 224.52 and a 200-day moving average price of GBX 225.59. Vodafone Group plc has a 52 week low of GBX 197.70 and a 52 week high of GBX 240.10. The stock’s market cap is GBX 59.46 billion.
In related news, insider Schellekens,Ronald purchased 114 shares of the business’s stock in a transaction on Monday, September 12th. The shares were bought at an average price of GBX 221 ($2.74) per share, with a total value of £251.94 ($311.81). Also, insider Read,Nick sold 400,000 shares of the stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of GBX 235 ($2.91), for a total transaction of £940,000 ($1,163,366.34).
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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