Vodafone Group plc (LON:VOD) had its price target decreased by HSBC from GBX 280 ($3.65) to GBX 270 ($3.52) in a research note released on Sunday, StockTargetPrices.com reports. HSBC currently has a buy rating on the cell phone carrier’s stock.
Several other equities analysts have also commented on VOD. Beaufort Securities reaffirmed a buy rating on shares of Vodafone Group plc in a report on Monday, June 13th. Macquarie lowered Vodafone Group plc to a neutral rating and lowered their target price for the company from GBX 235 ($3.07) to GBX 225 ($2.94) in a report on Monday, June 13th. Deutsche Bank AG reaffirmed a buy rating and set a GBX 300 ($3.92) target price on shares of Vodafone Group plc in a report on Wednesday, June 15th. Jefferies Group lowered their target price on Vodafone Group plc from GBX 265 ($3.46) to GBX 245 ($3.20) and set a buy rating for the company in a report on Tuesday, June 21st. Finally, Independent Research GmbH set a GBX 210 ($2.74) target price on Vodafone Group plc and gave the company a neutral rating in a report on Friday, June 24th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of GBX 247.87 ($3.24).
Vodafone Group plc (LON:VOD) opened at 223.55 on Friday. The stock’s market cap is GBX 59.37 billion. Vodafone Group plc has a 52-week low of GBX 197.70 and a 52-week high of GBX 240.10. The firm’s 50-day moving average price is GBX 225.62 and its 200 day moving average price is GBX 225.41.
In other Vodafone Group plc news, insider Read,Nick sold 400,000 shares of the company’s stock in a transaction dated 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 purchased 114 shares of the firm’s stock in a transaction on Monday, September 12th. The shares were purchased at an average price of GBX 221 ($2.88) per share, with a total value 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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