Goldman Sachs Group Inc. reaffirmed their neutral rating on shares of Vodafone Group plc (LON:VOD) in a report issued on Wednesday morning. Goldman Sachs Group Inc. currently has a GBX 275 ($3.40) target price on the cell phone carrier’s stock.
Several other research analysts have also recently weighed in on the stock. JPMorgan Chase & Co. set a GBX 300 ($3.71) price objective on shares of Vodafone Group plc and gave the stock a buy rating in a research report on Monday, July 11th. Credit Suisse Group AG restated an outperform rating and issued a GBX 240 ($2.97) price objective on shares of Vodafone Group plc in a research report on Wednesday, August 10th. Societe Generale restated a sell rating and issued a GBX 155 ($1.92) price objective on shares of Vodafone Group plc in a research report on Monday. BNP Paribas restated an outperform rating and issued a GBX 265 ($3.28) price objective on shares of Vodafone Group plc in a research report on Thursday, October 6th. Finally, Deutsche Bank AG restated a buy rating on shares of Vodafone Group plc in a research report on Tuesday, September 13th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the stock. Vodafone Group plc currently has an average rating of Hold and a consensus target price of GBX 248.30 ($3.07).
Vodafone Group plc (LON:VOD) opened at 222.70 on Wednesday. The firm’s 50-day moving average is GBX 224.60 and its 200 day moving average is GBX 225.55. Vodafone Group plc has a 12-month low of GBX 197.70 and a 12-month high of GBX 240.10. The company’s market cap is GBX 59.15 billion.
In related news, insider Schellekens,Ronald acquired 114 shares of the stock in a transaction dated Monday, September 12th. The shares were purchased at an average cost 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 Vodafone Group plc stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of GBX 235 ($2.91), for a total value 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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