Vodafone Group plc (LON:VOD)‘s stock had its “outperform” rating restated by equities research analysts at Credit Suisse Group AG in a report issued on Thursday. They currently have a GBX 240 ($2.97) target price on the cell phone carrier’s stock. Credit Suisse Group AG’s price objective indicates a potential upside of 6.37% from the stock’s previous close.
Several other equities research analysts also recently weighed in on the stock. Barclays PLC reissued an “overweight” rating and issued a GBX 265 ($3.28) target price on shares of Vodafone Group plc in a research note on Friday, August 26th. Citigroup Inc. downgraded shares of Vodafone Group plc to a “neutral” rating and increased their target price for the company from GBX 240 ($2.97) to GBX 245 ($3.03) in a research note on Tuesday, July 12th. Haitong Bank reissued a “neutral” rating and issued a GBX 210 ($2.60) target price on shares of Vodafone Group plc in a research note on Thursday, August 25th. Deutsche Bank AG reissued a “buy” rating and issued a GBX 300 ($3.71) target price on shares of Vodafone Group plc in a research note on Friday, June 24th. Finally, Goldman Sachs Group Inc. set a GBX 265 ($3.28) target price on shares of Vodafone Group plc and gave the company a “neutral” rating in a research note on Tuesday, October 4th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of GBX 248.30 ($3.07).
Shares of Vodafone Group plc (LON:VOD) opened at 225.15 on Thursday. The company’s market cap is GBX 59.80 billion. The company’s 50-day moving average is GBX 224.30 and its 200 day moving average is GBX 225.59. Vodafone Group plc has a 1-year low of GBX 197.70 and a 1-year high of GBX 240.10.
In related news, insider Read,Nick sold 400,000 shares of Vodafone Group plc stock in a transaction that occurred on 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). Also, insider Schellekens,Ronald bought 114 shares of the stock in a transaction that occurred on Monday, September 12th. The stock was bought at an average price of GBX 221 ($2.74) per share, with a total value of £251.94 ($311.81).
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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